Many banks and private lenders advertise large business loans, but to qualify for them, you must meet unrealistic criteria. They require you to be in business for several years, have strong personal credit, explosive growth, collateral, and substantial cash reserves.
It’s common for businesses to apply for large loans, only to find out after underwriting that they qualify for just a fraction of what they need, or not at all.
In addition, bank loans take months to close because there are so many requirements and financial statements to underwrite. This makes them impractical for businesses looking to capitalize on time-sensitive market opportunities such as bulk inventory discounts or real estate deals.
To secure large loan amounts quickly, we advise choosing a revenue-based financing company for two reasons:
- It’s easier to secure large loan amounts: Revenue-based financing is underwritten on your revenue and not collateral or cash reserves, so you can qualify for substantially higher loan amounts. Revenue-based financing typically funds 200% of your monthly revenue, while banks do 50% at most.
- You can close quickly: Because underwriting is based on your revenue, you only need to submit bank statements to qualify. Less paperwork means a simpler underwriting process and quicker closings. Revenue-based financing providers like Redline Capital, for example, can close on the same day or the next.
In this article, we outline the best financing providers for large business loans, considering the above factors: ease of eligibility, speed, and approval rates.
Get in touch with us, and we’ll send quotes for multiple offers so you can easily compare the rates and terms you qualify for.
| Funding Features | Redline Capital Terms |
| Loan amounts | $30K to $2MM |
| Loan terms | 6 months to 3 years |
| Repayment terms | Weekly and monthly payments |
| Minimum business credit score | 600 |
| Minimum time in business | 12 months |
| Minimum monthly revenue | $30K |
| Type of loans | Term loans, working capital loans, business line of credit, and SBA loans. |
1. Redline Capital: Fast, Easy-to-Qualify Large Business Loans That Close in 24 to 48 Hours
Redline Capital offers revenue-based financing solutions designed to help you secure large business financing fast.
Unlike other lenders, which have low approval rates due to their unrealistic requirements, we mainly evaluate your monthly revenue. This common-sense underwriting approach makes it significantly easier to qualify for larger dollar amounts, as you just need to ensure your business has good revenue. We can extend financing up to 200% of your monthly revenue.
Additionally, because we ask for less paperwork than other lenders, we can consistently close faster, typically within 24 to 48 hours.
To qualify, businesses need to:
- Earn at least $30K in gross monthly revenue
- Be operational for 12 months or more
- Be located in the U.S.
You can apply for our large financing products by following these steps:
- Complete our loan application form, which asks for your desired amount, gross monthly revenue, and industry, and then submit four months of bank statements. No tax returns, balance sheets, or other financial statements required.
- Within a few hours, you’ll receive offers for different financing products that you can choose from. Each offer highlights your financing amount, rates, repayment structure, term length, and origination fees.
- You choose the offer that works best for you. Take as much time as you need to decide.
- Once you’ve chosen an offer, funds are wired into your bank account immediately via ACH or wire transfer.
Below, we review what sets us apart from other revenue-based financing providers.
We Can Help You Secure Lower Rates and Better Terms
We’re a broker with relationships built over a decade with leading business lenders. We’ve generated and continue to generate a substantial number of high-quality loan applications for them. This lead volume allows us to qualify for priority pricing, wholesale rates, and large amounts that businesses applying directly cannot.
Essentially, by applying with Redline Capital, you can take advantage of the leads we generate for lenders to secure better terms.
In addition, we can help negotiate lower rates by sharing competing offers with lenders and asking if they can beat them. Lenders are willing to negotiate with us because of all the deals we source for them. These factors combine to help you secure better terms.
When you apply directly to a lender, you’ll typically run into two problems:
- You don’t get the best terms available to you: Since you’re an individual business and don’t have a long history working with a lender, it’s unlikely you’ll secure the terms that we can. Plus, lenders usually aren’t open to negotiating with individual borrowers.
- It takes time to apply with each lender: When you shop around for offers by applying to lenders directly, you must complete each loan application yourself, which can become time-consuming. With Redline Capital, you complete just one form and receive several offers.
We Only Work with Premium Lenders Offering the Lowest Rates
Redline Capital only works with lenders who offer the lowest rates, such as Fora Financial, Rapid Finance, OnDeck, Kapitus, and Credibly. That way, you can trust us to get you the best terms out there.
These premium lenders have strict requirements for brokers. They only work with brokers who have several years of experience, great online reviews, high deal volume, strong client retention, and a clean compliance record.
This means that not just anyone can work with them, and that’s what separates us from other brokers. Most brokers lack the experience, online reviews, creditworthiness, and deal volume we have, which means they cannot work with these top lenders and access the lowest rates.
Instead, they work with low-quality, high-interest lenders that offer expensive loan programs with short repayment periods. These brokers don’t really care what’s best for your business needs; they pressure you to accept costly terms.
Types of Financing Products We Offer
When you complete our application form, you’ll receive offers for each of these financing options:
- Unsecured term loan: A lump-sum loan with a fixed repayment schedule, ideal for funding large projects or long-term investments. No down payment required.
- Working capital loan: Short-term financing to cover day-to-day operational expenses like payroll, manage cash flow gaps, or handle seasonal fluctuations.
- Business line of credit: Flexible, revolving credit that lets you draw funds as needed, only repaying what you use. This makes them ideal for ongoing expenses or unexpected opportunities.
- Equipment financing: Funding to purchase or lease machinery, vehicles, or technology, using the equipment itself as collateral.
What Our Clients Say
Here’s what clients say about our financing terms and closing speeds:
You can also visit our case studies page to hear what our clients say:
Get Started
Fill out this short application form, submit four months of bank statements, and you’ll receive several large business loan offers that close on the same day or the next.
2. Fora Financial
Fora Financial is a direct lender that provides a variety of funding solutions for businesses of all sizes, including secured business loans, accounts receivable loans, and microloans.
They offer loan amounts of up to $1.5 million and credit lines ranging from $5,000 to $100,000, making them suitable for both short-term needs and larger capital requirements.
Their qualification criteria are more flexible than those of traditional banks. You generally need a business credit score of at least 570, annual revenue of $240,000 or more, and at least six months of operating history.
Applications can be approved in as little as four hours, with funds typically deposited within one to three business days. Repayments are made on a daily or weekly schedule. Once 60% of the original balance is paid off, borrowers may qualify for additional funding.
3. Mulligan Funding
Mulligan Funding is a working capital lender that offers loan amounts of up to $2 million. Their wide range of funding options includes term loans, SBA loans, business credit cards, cash advances, and equipment financing, giving businesses flexibility to choose the product that best fits their needs.
Mulligan Funding states on its website that it can approve your loan within just a few hours and provide funding the very same day you apply.
To qualify, businesses must have $750K in annual revenue, be operational for six months or more, have no more than one daily debit loan, and have no open bankruptcies. Terms range from three to 24 months.
Mulligan Funding works in a variety of industries, from automotive and construction to manufacturing, retail, and technology.
4. National Funding
National Funding is an online lender providing up to $500,000 in financing through products such as short-term business loans, working capital loans, invoice factoring, and equipment financing.
National Funding serves industries like agriculture, landscaping, real estate, restaurants, and more. Businesses can use their loans for a variety of purposes, including purchasing equipment, improving cash flow, settling payroll, or funding business growth.
The application process is quick and straightforward, with minimal paperwork. To qualify, applicants generally need a credit score of 670 or higher, at least six months in operation, and annual revenue of $250,000 or more. Once approved, businesses can receive funds in as little as 24 hours, making National Funding a strong option for those who need capital fast.
5. Lendio
Lendio is a financing marketplace that connects business owners with a network of more than 75 lenders. They offer products such as business acquisition loans, startup loans, and equipment financing. Their platform serves a wide range of industries, including construction, healthcare, and retail, making it a versatile option for diverse funding needs.
To qualify, businesses typically need to be U.S.-based, in operation for at least six months, have a minimum credit score of 600, and generate monthly revenue of $8,000 or more. This makes them a suitable option for new businesses with limited operating history and those with bad credit.
Loan amounts are available up to $2 million, with funds deposited directly into a business checking account. Repayment terms range from 6 to 12 months, and the application process makes it easy for business owners to compare offers and secure financing quickly.
6. OnDeck
OnDeck is a direct lender that provides fast-access financing through short-term loans and lines of credit, with funding possible in as little as one business day. Their products are designed for businesses that need quick capital but may not meet the strict requirements of traditional banks.
Qualifying is straightforward: OnDeck asks that businesses have a credit score of at least 625, a full year in operation, and a minimum annual revenue of $100,000.
The application process is entirely online, takes only a few minutes, and requires just three months of bank statements. OnDeck evaluates applications by reviewing cash flow, credit history, and other business data, combining automated scoring with a dedicated loan advisor’s review.
They also work in different industries, from restaurants and auto repair shops to healthcare providers, contractors, and other service-based businesses. With flexible requirements and rapid approvals, OnDeck is an option for business owners who need fast and flexible financing.
7. SBA Large Business Loans: Low-Interest Small Business Loans
SBA or Small Business Administration is a government agency that offers loan options like the SBA 7(a) and SBA 504 loans, where qualified businesses can access loan amounts up to $5 million.
Because the U.S. Small Business Administration partially guarantees these loan options, lenders can offer more favorable terms. This usually means longer repayment terms and more competitive interest rates compared to conventional loans.
Businesses can apply for SBA loans by reviewing the types of available loans on the SBA website, entering basic information, and reaching out to lenders who will help them get approved. These loans can be used to settle expenses, expand the business, refinance business debt, pay for renovations, or purchase commercial real estate.
However, the application process can be more time-consuming, requiring strong financial documentation, a good credit history, and a clear business plan. While SBA loans are open to a range of industries, they are best suited for businesses with proven revenue and several years of operational history.
For businesses seeking fast closing and simplified qualification criteria, revenue-based financing solutions like Redline Capital can be a better fit.
Secure a Large Business Loan with Just 4 Months of Bank Statements
Upload four months of bank statements here, and we’ll provide you with large financing offers at the best terms, closing as fast as the same day or the next.