A $1 million business loan is for established companies acquiring, buying property, or scaling at a major level. The SBA 7(a) program reaches $5 million, so seven figures is well within range—we help you compare SBA, real estate, and large term loans.
A seven-figure loan is reserved for established businesses with a proven track record. Lenders generally expect 3+ years in business, strong and growing revenue (often $100,000+ per month), a 680+ credit score, substantial collateral, and a personal guarantee. The good news: the SBA 7(a) program goes up to $5 million, so $1 million is a common, well-supported size with long terms and competitive rates.
At seven figures, almost every option is a structured, collateral-backed facility. The right one depends on what you're financing and your timeline:
| Loan type | Best for | Speed | Notes |
|---|---|---|---|
| SBA 7(a) loan | Acquisition, expansion, flexible use | 45-90+ days | Up to $5M; low rate; terms to 10 years |
| SBA 504 / CRE loan | Property and heavy fixed assets | 45-90+ days | Terms to 25 years; lowest payments |
| Large term loan | Strong borrowers needing speed | 1-3 weeks | Higher rate; faster than SBA |
| Equipment financing | Major equipment or full lines | 1-3 weeks | Asset-secured; preserves cash |
| Bridge loan | Securing a deal before permanent financing | 1-4 weeks | Short-term; refinance into SBA/CRE |
$1 million is transformational, balance-sheet capital. Common uses include:
Buy a sizable business or competitor, often through SBA 7(a) up to $5M.
Purchase or build owner-occupied property with SBA 504 or a CRE loan.
Enter new markets, add locations, or scale operations significantly.
Finance a full production line, fleet, or capital equipment program.
Fund ground-up construction or a major facility build-out.
Consolidate seven figures of obligations into one long, low-rate facility.
These are illustrative estimates showing how term length affects the payment—not a quote. Model your own scenario in the calculator.
| Term | Example APR | Approx. monthly payment |
|---|---|---|
| 60 months | ~11% | ~$21,740 |
| 120 months (SBA 7a-style) | ~10% | ~$13,220 |
| 180 months | ~9.5% | ~$10,440 |
| 300 months (real estate) | ~9% | ~$8,390 |
At seven figures, debt-service coverage is everything. Lenders test whether your cash flow comfortably covers the payment—which is why long SBA and real estate terms, with their lower monthly payments, are so often used at this level.
Enter $1,000,000 as the amount, then adjust the rate and term to estimate your monthly payment (fill in at least three of the four fields). These results are estimates, not an offer—apply for real terms.
This is full commercial underwriting. Most lenders look for:
Need to act before full underwriting completes? A bridge loan can secure the opportunity and refinance into SBA or CRE later. Apply to see your options.
Clarify whether the $1 million funds an acquisition, property, expansion, or recapitalization—and the right structure.
Assemble multi-year tax returns, financial statements, a debt schedule, and collateral and use-of-funds documentation.
One application reaches multiple lenders so you can compare seven-figure structures and timelines.
Move through full underwriting, appraisal, and closing, then receive funding.
Lenders generally expect 3+ years in business, strong growing revenue (often $100,000+/month), a 680+ FICO, substantial collateral, and a personal guarantee. Complete financials, tax returns, and a documented use of funds are required.
Yes—the SBA 7(a) program goes up to $5 million, so $1 million is well within range. SBA 504 can fund even larger real estate and equipment projects. Expect 45-90+ days to close.
It depends on rate and term. As an illustration, $1,000,000 over 10 years near 10% APR is roughly $13,220/month; over 25 years (real estate) near 9% it's closer to $8,390. Estimate your payment.
SBA and CRE loans of this size typically take 45-90+ days through underwriting, appraisal, and closing. Large term loans can move faster for exceptionally strong borrowers.
Common uses include acquiring a sizable business, buying commercial real estate, large-scale expansion or construction, major equipment, and recapitalizing existing debt.
Match the loan size to your plan. Explore other amounts and loan types:
Acquiring a company, buying property, or scaling at a major level? We can help you compare a $1 million loan across SBA, real estate, and conventional lenders. Submit one application and we'll guide you from underwriting through funding.