17 April 2022 13:50

How to get a 6 million dollar business loan

What is the highest business loan you can get?

Loan amounts can extend from $500,000 to over $5 million depending on the loan product. Business owners might opt for a secured business loan to improve their odds of getting approved. Since collateral reduces the lender’s risk, lenders may extend financing even if you do not meet credit or revenue requirements.

How can I get approved for a 10 million dollar loan?

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.

How can I get a million dollar loan?

Quote from video on Youtube:Most lenders are going to want to see that you're doing at least 10 to 12 million in annual gross sales. Now you don't have to be showing the biggest profit or a profit lenders can look past that.