$10 million business loans

Where can I get a $10 million business loan?

Your best bet to get a $10 million business loan is with a large bank or lender that specializes in high-dollar financing for businesses. You also might be able to qualify for $10 million through the SBA 504 program — but this financing is limited to commercial real estate, not working capital.

Unfortunately, many alternative options won’t be able to fund your business at the $10 million mark. Smaller businesses are also cut out of the picture. If you don’t have the revenue to support such a large loan and a previous banking relationship with the lender you’re interested in, it will be difficult to find a $10 million business loan.

How much will a $10 million business loan cost?

It depends on your business and the type of financing you choose. Loans of this size usually come with low rates and long terms — APRs between 6% and 10% and terms ranging from 10 to 25 years.

A $10 million business loan with a 25-year term and a 6% APR has a monthly repayment of $64,430.14. Even an APR on the low end has a high monthly payment, which is why strong revenue is required.

Will a lender be able to fund a $10 million business loan?

In most cases, you won’t be able to find a lender that offers such a large amount. Your options will be limited to large banks — so if you have plans for future expansion of this size, start planning now.

Opening an account with your preferred lender and borrowing smaller loans is a simple way to create a banking relationship, which may help your chances of being approved for a $10 million business loan in the future. You can determine what kind of loan works best for the funding you need to help compare your options before committing to a loan.

5 types of $10 million business loans

There are several financing options available for $10 million loans — though not all are right for every business.

Business term loan

A business term loan comes in one lump sum that is repaid over a period of 10 to 25 years — plus interest and fees. Term loans of this size might be available through large national or international banks or, more rarely, online lenders that specialize in high-dollar financing.

You generally need to have a record of repaid loans, high monthly revenue and collateral to qualify for a $10 million term loan. It also helps to have an established banking relationship with the lender.

Business line of credit

Business lines of credit are best for ongoing projects and frequent expenses. They have lower rates than a business credit card, and the $10 million credit limit allows for a wide range of spending. Like term loans, lines of credit are typically available from banks and some online lenders. Expect to meet similar eligibility requirements as well.

SBA 504 loan

The 504 program is meant to buy property, equipment or real estate. Generally, you need to put up a 10% to 20% down payment and meet the SBA’s requirements to qualify for this loan. And while most programs are capped at $5 million, you might be able to find an SBA 504 loan of up to $10 million, depending on the lender you work with.

Invoice factoring

Invoice factoring uses your business’s unpaid invoices from other companies or government agencies as collateral for a loan. Your business sells its unpaid invoices at a discount to a third party. In exchange, your business receives 80% to 95% of the unpaid amount up front and the remaining amount after your clients have paid.

Invoice factoring is typically fast, and your business may be able to qualify without high revenue or excellent credit. However, it’s also expensive compared to more traditional options.

Merchant cash advance

Retailers can get an advance on their future sales through this high-cost alternative to traditional business loans. Generally, merchant cash advances (MCAs) have less stringent eligibility requirements and a much faster turnaround — think a few days, rather than weeks.

Instead of interest, MCAs come with a flat fee that your business repays with a percentage of its sales. However, these can be significantly more expensive than traditional financing — and there are very few options available for businesses that need to borrow $10 million.

Compare high amount business loan lenders

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Name	Product	Filter Values	Loan amount	APR	Requirements
Lendio business loans			$500 – $5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560+ personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Check eligibility More Info		loading Fetching your data...
ROK Financial business loans			$10,000 – $5,000,000	Varies	Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales	A connection service for all types of businesses — even startups.	Check eligibility More Info		loading Fetching your data...
SmartBiz business loans			$30,000 – $5,000,000	4.75% to 7.00%	650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years	Get funding for your small business with a government-backed loan and extended repayment terms.	Check eligibility More Info		loading Fetching your data...
Fundera business loans			$2,500 – $5,000,000	7% to 30%	$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years	Get connected with short-term funding, SBA loans, lines of credit and more.	Check eligibility More Info		loading Fetching your data...

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Bottom line

Your choices are limited when you need to borrow $10 million for your business — most popular online lenders are off the table, as are many small banks. But there are still options for businesses with strong finances. Learn more about your options by reading our guide to business loans.

Frequently asked questions

• Can I get a $10 million business loan to start a business?

  Probably not. Most lenders that offer funding of this size require your business to be around for at least a few years and have a proven track record of high revenue. You can read about your other options by checking out our guide to startup business loans.

• How can I finance a $10 million business acquisition?

  You have several options, including taking out a term loan. Read our guide to business acquisition loans to compare your financing options before you make a decision.

• Can I get a $10 million business loan without collateral?

  It might be possible in some cases, but most business loans of this size require some kind of collateral — even if it doesn’t fully back the loan. A merchant cash advance technically doesn’t require any physical collateral, though you’re pledging a percentage of your future sales.