LARGE BUSINESS LOANS
How to Get Large Business Loans
If your company does not need a large business loan and is 100% perfect the way it is, you can STOP reading now.
On the other hand, if you’re looking for significant capital loans and funding solutions for your company, you are in the right place.
What is Considered a Large Business Loan?
Sunwise Capital is a preferred lender for larger businesses looking for large term loans and business capital from $50,000 to $500K up to $5M for an SBA Guaranteed Commercial Real Estate Loan. We provide the best business loans for small businesses.
Small Business vs Large Business
We work with companies whose annual revenue ranges from $200,000 per year to $700,000,000. Our core strength is originating a business loan for existing business.
Are you hitting your head against the wall with your current strategy to get the funds you need to grow your business?
If you are going the traditional “bank loans” route, you’re going to want to read this carefully.
How Large Loans for Business Work at Sunwise Capital
We work with you to get hassle-free financing. Our approval process is fast and it only takes a few minutes and a one-page application to see all your funding options.
Whether it’s large loans for bad credit or large debt consolidation loans, we can help your business grow exponentially.
Approvals is 24 hours or less. Funding can be within 24 – 48 hours once we receive all your paperwork.
If you’re like most businesses, and you’re struggling to:
Sunwise Capital can shine a light on a whole new world of business financing options for your business.
If you’ve previously thought your company wasn’t eligible for a sizable business loan, we’ve got great news for you.
What’s the Minimum and Maximum Amount I can Loan from Sunwise Capital’s Larger Business Loans?
The business financing landscape has changed dramatically over the past few years. Especially after the great recession.
What Are the Requirements to Secure a Large Business Loan from Sunwise Capital?
The following are factors banks and alternative lenders consider when looking at your loan minimum qualifications. The requirements include:
Time in Business
It may go without saying, but the longer you’ve been in business, the more likely you are to qualify for the loans and rates you want.
But don’t let that stop you from applying for financing if you are a young business.
We have lots of financing options that could help you. Banks require 3 plus years.
We have options for companies only 6 months old with strong revenues.
High Credit Scores
Higher credit scores usually bring more approvals and more competitive rates.
Have you checked your credit score lately? If not, check your credit report before you apply for a small business loan (it will not affect your score). That way you will know where you stand and how to increase your score if necessary. We have special programs for those with damaged credit as low as 450 FICO.
Prospective creditors are very interested in the monthly income your business draws in. Almost all lenders want to make sure you can pay your loan back as well as covering business expenses. Most banking institutions want a minimum revenue of $5M if not $20M or more. We can help you with monthly revenue of $15,000 a month.
When you provide collateral for a business loan, you assure the lender that their investment is safe. It also helps show that you have skin in the game and are focused on paying back the loan. The significant difference between the bank and Sunwise Capital is the collateral. We offer unsecured business loans.
Unsecured Business Loans and Merchant Cash Advances
- One-page application
- 3 months – business bank statement
- 4 months* – merchant account statements (*only for merchant cash advances)
- Must provide business savings account or business checking accounts only – no personal accounts
- One year plus in business
- Tax lien OK with payment plan up to $175K
- $150,000 minimum annual revenue
- Merchant Cash Advances based on businesses credit card sales
- No cost or obligation
- No assets or collateral
- These are NOT asset based loans
Rates and Terms
Rates as low as 5.49%
Loans up to $500,000
Terms up to 5 years
Our straightforward and quick application will help you get you the cash you need to succeed and reach your dreams!
- Best Credit Terms start at 5.49% (680++ FICO Score)
- Challenged Credit 550 to 679 FICO – Factor rates starting at 1.18 to 1.5
- Daily, weekly and monthly payments depending on program
- No prepayment penalties
Differences Between Large Short-Term Loans and Large Long Term Loans?
When looking for large funding solutions, there are two attractive financing options for your business that could be a good fit.
They are “short term loans” and “long term loans.” There is more than semantics that differentiates these two loans. It’s the loan term.
Short Terms Loans
- Smaller dollar amounts – up to $100,000
- One-time need
- You can pay off relatively quickly
- Cushion until next receivable hits
- Usually 3 to 9 months
- Typically for the credit challenged
Long Term Loans
- Up to $500K
- Larger purchases for growth and expansion
- Multiple uses
- Need time to pay off
- Must have strong cash flow
- 1 to 5 years
In today’s marketplace, you don’t need an economic forecast to know it is much more dynamic than 10 or even 20 years ago. With the advent of alternative or online lenders, there are more options.
Additionally, after the recession in the mid-2000’s, while many banks retreated from funding businesses, especially small businesses, private lenders stepped in offering a variety of business loans.
The issue for most business owners isn’t whether they need more money to operate their company. The bigger question is what they will do with the money?
Do you need working capital to help with the day to day operations and cash flow? Or do you need business lines of credit to purchase equipment or inventory?
Many times, a business can’t grow or expand without additional funding for massive purchases. Sometimes it’s a commercial mortgage for real estate.
At some point, every business needs to raise capital. That is the reality.
Other Large Business Funding Options
Small Business Administration Loans for Startups
Probably your best option is the SBA loan. The real challenge here is that it requires a decent credit score and you must be willing to invest in your own business.
This type of loan means you will need cash, or some assets or collateral.
If you have what it takes, be prepared for a paperwork intensive and time-consuming process.
As you probably know, getting this kind of financing can be a real challenge for small businesses.
Sunwise Capital can pre-qualify you in 5 minutes for an SBA loan.
Once pre-approved the process can take several weeks. Sunwise Capital will work with you each step of the way. We will hold your hand throughout the entire process. Use our experience to make this process as easy and stress-free as possible.
Once all the paperwork is completed, and you get approved, you can expect another 7 to 10 days minimum to funding.
Startup Business Loans No Collateral
Sunwise Capital can offer you an unsecured startup business loan.
We can tell you point blank that a bank will not provide you with startup unsecured business loans. In fact, they won’t even consider any startup business financing.
At Sunwise Capital, you don’t have to deal with the miles of bureaucratic red-tape and the piles of documents that the banks will make you slog through only to receive a politely worded rejection notice.
We have a unique program for small business loans for new business. These loans can range from $50K to $150K with personal credit at least 650 and between $200K to $400K with a 700+ credit score.
A startup company that is larger by revenue or is well established can often raise money from outside investors or even consider the public markets by either selling stock or bonds.
However, it’s not unusual for a new small business to use personal funds to kick start their business. These businesses often can raise money from friends and family or lending clubs as well as some local banks or credit unions. At times, it feels like you are running in funding circles.
Alternative lenders like Sunwise Capital are very often an excellent resource. The lack of personal assets and the liabilities of the business owner will often constrain their ability to get the money they need from a traditional source to grow their small business.
MUST BE IN BUSINESS FOR AT LEAST SIX MONTHS
MUST AVERAGE $15K A MONTH IN REVENUE
A rule of thumb is that you can receive 10% of your annual revenue as a loan amount. If your company generates $250,000 a year, a ballpark figure is roughly $25K.
However, a company generating some $5M in revenue will receive a large business loan – up to $500K.
WE FUND OVER 700 INDUSTRIES
Don’t wait. Let us help you get the funding you need.
Sunwise Capital Business vs. the Competition
Entrepreneurs, did you know there are many types of business loans available to you right now?
Business owners have many options in today’s marketplace. These loans could be startup business loans with bad credit to government loans that help you start your dream.
GET YOU FROM $10,000 $5M
There is no real difference between the large and small loans at Sunwise Capital versus the banks. The significant difference is the number of choices or options banks offer the bigger companies. These are companies usually doing over $20M a year in revenue.
All things being equal, the large banks and financial institutions are simply more profitable when they offer and fund large business loans.
The truth is that for banks, their overhead is simply too large to finance the smaller companies. That is where Sunwise Capital steps in.
Another difference is the banks use assets or collateral of the larger company. These assets or collateral can be used to guarantee the loans. These assets can also be used to secure a line of credit.
When you apply for any type business financing from banks and traditional lenders, there are five main elements they consider for approval.
They collectively are known as the 5 Cs of Credit.
You have one goal, and that is to put yourself in the best possible position in each of these areas:
Are you honest and trustworthy? Do you come across as shady or unreliable? You’ll need several references both personal and business to attest to your character.
This is simple. Can you repay the loan? Do you have money in your bank account every day? Do you have the cash flow to support your current expenses along with the payments for this loan?
All traditional lenders want to see you put up a capital contribution. “How much skin do you have in the game?” The more, the better. You want the lender to be comfortable. Nothing demonstrates this more than your capital contribution.
Next to “skin”, the lenders want to see some property or significant assets used as collateral. Why? It protects against default.
Plus, the chances of default go down when this collateral is your home. Depending on the financing option, this may or may not be required.
Finally, there are the conditions. What do you need the money for and how long? What is the money going to do for you? Chances are there will be stipulations that limit the use of funds.
One of the main differences between the banks and Sunwise is the large business loans from Sunwise Capital do not require assets or collateral.
Another significant difference is we analyze the capacity or your ability to repay the loan differently from traditional lending institutions. We ultimately look at the health of the business. Our focus is on your cash flow.
A third difference is that Sunwise Capital does not need you to put up a capital contribution. Our loans do not depend on the amount of skin you have in the game.
From the banks perspective, large companies have more assets, which can be used as collateral or sold in times of difficulty. For the banks, this is a difference maker.
As a result, these bigger, more mature companies get access to the capital they need to grow vs. a smaller younger company.
Another difference is the history of the company. The longer your business holds a footprint, the more likely you’ll be around.
This history increases the comfort level of any investor or lender. Most banks require a minimum of three years (since they require the last 3 years of business and personal tax returns).
At Sunwise Capital, businesses one year or older can get approved for large business funding projects within 48 hours. (And you’ll never have to sit across the desk from another banker)
Lastly, the use of capital requirements is much stricter at the bank. Loans from Sunwise Capital allow you to use the funds for any business purpose.
Imagine the ease of completing a one-page application and submitting the last three months of business bank account statements to get approved for up to $500,000.
Do yourself a favor. I can assure you it’s worth the minimal time investment (less than 10 minutes tops) and no-cost application process just to find out what’s available for you because 90% who apply qualify and get pre-approved.
Sunwise Capital can get you all the details you need so you can make an informed decision. Sometimes all a business needs is a cash flow solution so they can reach the next level or avoid Chapter 11.
If you’ve explored traditional routes already, it’s time to expand your horizons.
Let Sunwise Capital help you and take a few seconds and fill out our simple form. Find out how much money you can get you grow and expand your business.