$10 Million Business Loan - Options & Payments


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It’s possible to secure a $10 million loan to support your growth, but what are the requirements?
Explore your options with National Business Capital:

Regardless of the industry, every business needs capital to keep its doors open and serve clients at the pace they’re accustomed to. Cash flow is a significant challenge for many entrepreneurs, so much so that 82% of business owners tout that cash flow issues were the main reason they shut down their operations.

Managing your expenses is difficult in itself, but what if you’re faced with a growth opportunity at a financially difficult time?

Most business owners would try to cut other areas of their budget or forgo the opportunity altogether, halting the growth of their operations and giving competitors an avenue to outpace them. 

10 million business loans

The task becomes even more daunting if the opportunity requires a substantial amount of capital, say $10 million. However, if you’re committed to your growth and generating solid revenue, there’s no need to fear seeking a $10 million business loan to help you afford the chance at growth and position yourself toward maximum success.

A $10 million business loan can take your operation to the next level, but only if you’re fully up-to-date with the process. Here’s our comprehensive guide to 10 million dollar loans and how to maximize the benefits of your financing.

What Are the Requirements for a $10M Business Loan?

$10 million business loans are a significant amount of capital, and you might find many lenders who won’t offer this caliber of financing throughout their search. Despite this, there are lenders out there that will work with you and help you secure this loan, especially if your organization boasts a high credit score, lengthy time in business, and generates substantial revenue.

Your first stop will likely be a bank or credit union, otherwise known as the “traditional” lending institutions. If you choose to do so, be prepared to provide the following information, at a minimum, to secure your $10 million business loan:

Last 2-3 years of Business Tax Returns Last 2-3 years of Personal Tax Returns
Last 2-3 Years and YTD Financials Cash Flow Statement
Personal Financtate or Quality B2B Account Receivables Be Profitable
Projectionial Statement Collateral: Real Ess
Established Business credit Personal credit score (700 or more)
Business plan (including information on your industry, competitors, growth strategy, etc.)

Banks and credit unions tend to have the strictest requirements out of all lenders. They’ll need to see that you generate substantial revenue, have a high credit score, and have been in business for more than two years to consider you for financing. 

However, these aren’t the only lenders available to you. Online lenders, Fintech platforms, and alternative funding sources, like crowdfunding and angel investors, have grown in popularity over the last decade, giving entrepreneurs options in their search for competitive financing.

These lenders will carry looser eligibility requirements compared to banks and credit unions, but it does come at a price: higher interest rates. 

You should extensively research all of your options before coming to a final decision. As you can assume, this will require you to put in time and effort, but the process becomes much easier when you team up with a marketplace, like National Business Capital.

$10 Million Business Loan Qualifications

$4 Million Business Loan

1 Year in Business

Newer businesses can secure the capital they need to grow

$4 Million Business Loan

$120K in annual revenue

If your business produces $10,000 in monthly revenue, you can qualify for a business loan

No minimum credit score

We can find financing options for businesses with excellent or poor credit.

Online lenders tend to work faster than traditional lending institutions, sometimes moving you from application to funding within days. 

The most favorable rates and terms are often given to the businesses that can display strong revenue production, lengthy times in business, and high credit scores. However, you can secure the capital you need without robust financials; You’ll just need to pay more for it.

Additionally, you might need to offer collateral if you can’t display strong financial information, so make sure to account for that as you go about your research.


Will I Need to Offer Collateral for a $10 Million Business Loan?

A 10 million dollar loan is on the higher end of the financing spectrum, which means that lenders will likely require collateral before approving you for a loan. 

Many business owners try to avoid offering collateral under all circumstances because they don’t want to risk losing a critical asset, but you have to think of it from the lender’s perspective. Lenders are businesses, too, and they need a method of ensuring that they can recoup some of the funds if you default on the payments. 

As long as you’re confident you’ll be able to repay the borrowed amount within the terms, you won’t have to worry about losing the critical assets you offered as collateral.


How Much Will a $10 Million Business Loan Cost?

The amount you’ll pay for a $10 million business loan will depend on a number of factors, including:

  • The financial information of your business
  • The type of loan you’ve secured
  • The length of your repayment terms
  • Your time in business
  • The lender you’re doing business with
  • The FEDs interest rates when you secure financing

Repayment terms for a $10 million business loan are usually between 7 and 25 years. Interest rates generally fall between 7% and 15% APR, but the rate you’ll receive will depend on the factors listed above.

You might think you’re saving money by choosing shorter repayment terms over longer ones, but this is a risky game. Shorter repayment terms translate to higher monthly payments, which can overwhelm the capabilities of your business if you’re not careful.

The businesses that can display the strongest financials will often receive the most favorable rates and terms. Newer businesses without strong credit scores and average revenue production can still secure favorable terms, but they may have to work more diligently to find a lender.

$3 Million Business Loan - $4 Million Business Loan

$10M isn’t anything to be taken lightly. If you’re looking for a business loan of this size, make sure you have everything in order before you start speaking with lenders to ensure they take you seriously.

Prepare all your financial information ahead of time, understand exactly how much you’ll need to borrow, and draft up a plan on how you plan to use the borrowed funds. Trust us, your lender will thank you, and you’ll speed up the process for everyone involved.

Understanding the Loan Application Process for a $10 million business loan

National's simplified small business loan application process removes the usual pain and frustration, giving you more options to choose from


Your business must be generating a minimum of $10,000 in monthly revenue to qualify


Young and growing businesses can still find financing options


Go from application to approval much faster than with traditional lenders

We take an educational approach to helping you get the best option.

By explaining—rather than selling—we can help you find the right loan for your business.

$10 million business loans can help you tackle any challenge and take advantage of the opportunities ahead of you, but only if you take a proactive approach

Researching the options available to you can only help your situation, so make sure to put the necessary time and effort into your search before making any final decisions.

4 Types of $10 Million Business Loans

$10 million business loans come in different shapes and sizes, each option with its respective benefits and drawbacks. Some are more flexible than others, but every format can offer unique advantages for specific situations.

Here are some of the most common types of $10 million business loans:

Term Loans

A term loan is a one-time, lump sum payment that you must repay within the terms outlined by your lender. This financing option features high borrowing amounts and flexible repayment terms, allowing you to secure a term loan for a variety of business purposes.

For example, many entrepreneurs will seek out term loans to purchase inventory ahead of a busy season, acquire new real-estate properties, or manage their working capital.

In most cases, the lender you’re doing business with will require you to provide a detailed plan on how you intend to use the borrowed amount. While this might seem unnecessary at first, it’s really just an added layer of protection for the lender, but it’s also an opportunity to map out your financing plan and prepare yourself for what's to come.

Business Line of Credit

Business lines of credit are one of the most flexible financing options. They’re revolving lines of credit that you can draw from whenever you need capital, and, unlike a business credit card, you can draw physical cash, allowing you to stay one step ahead of the latest challenge.

Many entrepreneurs will secure business lines of credit on top of other financing options to help them manage their working capital as they pay off the more sizeable loan. You might find it difficult to find a lender offering a $10 million business line of credit, as they aren’t necessarily designed for sizeable purchases, but that doesn’t mean they don’t exist.

However, if you are trying to secure a $10 million loan, you might find it easier to use something other than a business line of credit to reach your goals unless you plan on combining it with another financing option. 

SBA Loans

SBA loans are highly coveted by entrepreneurs because of their high borrowing limits, flexible repayment terms, and competitive interest rates. You can borrow up to $5 million through an SBA-sponsored lender, and the interest rates are some of the lowest on the market because of the government’s partial guarantee of the loan.

While the borrowing limit can’t help you accomplish your $10 million goals, it can get you half of the way there without having to pay expensive interest rate fees. 

Savvy entrepreneurs will use the $5 million from an SBA loan in combination with another financing option from a different lender to help support their growth. It may sound complicated to secure two loans from different lenders, but it isn’t necessarily difficult, as long as you’re on top of your payments and focused on growing your business.

Accounts Receivable Financing

Accounts receivable financing is a method to turn outstanding customer payments into cash today. You leverage your accounts receivable to access the capital you need from a lender, but you’ll have to sacrifice a portion of the incoming payments.

You’ll need to have more than $10 million in your accounts receivable to secure $10 million worth of financing. Depending on the lender you’re dealing with, you might be giving up a significant amount of capital to go down this avenue, so make sure to plan accordingly before making any final decision.

You can secure one or multiple of these financing options to secure $10 million in capital. Take a moment to assess the needs of your business, your repayment capabilities, and the next 6 to 12 months of your business activity to ensure you’re able to maximize the benefit of your $10 million business loan.

Compare $10 Million Business Loan Options With National Business Capital

The journey to secure your $10 million won’t be an easy one. You’ll have to research diligently, carefully assess the needs of your business, and ensure you’re in a position to repay the borrowed amount within the term, but all good things aren’t easy to come by.

Despite the difficult process, the sky’s the limit with a $10 million business loan, especially if you’ve carefully planned out your growth strategy. Make sure to identify the issues you’re planning to solve with your loan to avoid simply “throwing money” at a problem.

While it does take time and effort to secure a $10 million loan, you can speed up the process and have someone do the heavy lifting for you by teaming up with the Business Finance Advisors at National Business Capital. Our process is streamlined, we prioritize the client’s experience, and our team takes the time to learn about your business and your challenges, establishing a relationship for you to leverage for future financing needs.

Ready to get started? Complete our digital application to kickstart your search for a $10 million business loan.



How Can I Get a 10 Million Dollar Loan?

Your first step in getting a $10 million loan is assessing the needs of your business and determining exactly how you intend to use the borrowed amount. Next, you’ll need to find a lender offering a loan of this size, which isn’t necessarily easy. Generally, the businesses with high credit scores, lengthy times in business, and substantial annual revenue have the highest chance of securing a $10 million business loan for growth.


What Is the Highest Business Loan You Can Get?

You can borrow up to $5 million through the SBA’s 7(a) and 504 loan programs, but you can potentially secure additional capital through a term loan or by combining multiple financing options. For example, you can secure a $5 million SBA 7(a) loan, a $3 million term loan, and a $2 million business line of credit to access more capital and give you the flexibility to manage your operational expenses while repaying the financing. 


Is It Possible to Get a 3 Million Dollar Business Loan?

Yes! You can secure $3 million in capital through a variety of financing instruments, like SBA 7(a) loans and term loans. However, $3 million is a substantial amount to borrow, so you’ll likely need to have a high credit score, lengthy time in business, and substantial annual revenue to qualify. 


What Credit Score Do You Need for a Million Dollar Loan?

You’ll need a 700 credit score, at a minimum, to qualify for a million-dollar loan. Your chances of securing favorable rates and terms only increase with higher credit scores, so it might be a good idea to proactively strengthen your credit before applying for financing. That is, of course, if you have the time and don’t need urgent financing. 

National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure $2 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!