How we picked
Filtered to funders whose amountRange includes amounts above $500K. Ranked by execution speed, deal structure flexibility, and pricing transparency.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| Live Oak Bank | Best SBA — up to $25M | $25,000 – $25,000,000+ | 30 – 90 days underwriting (SBA standard) | 680+ typical | Apply → |
| JPMorgan Chase Business | Best big-bank for $1M-$25M | $10,000 – $25,000,000 | Pre-qualification minutes; funding 5 – 60 days | 680+ | Apply → |
| Libertas Funding | Best MCA for $250K-$2M | $10,000 – $2,000,000 | Funding in 24 – 72 hours after approval | 550+ | Apply → |
| Biz2Credit | Best for $500K-$6M (marketplace + direct) | $25,000 – $6,000,000+ | Offers in 24-72 hours | 575+ | Apply → |
| CIT (First Citizens) | Best commercial for $1M-$50M+ | $25,000 – $50,000,000+ | 5 – 21 days standard | 650+ | Apply → |
| Newtek Small Business Finance | Best multi-product for $250K-$15M | $25,000 – $15,000,000 | SBA 30 – 60 days; alternative products 1 – 7 days | 650+ | Apply → |
| Wayflyer | Best RBF for $1M-$20M (e-commerce) | $10,000 – $20,000,000 | Funding in 24 hours | No FICO check — underwrites against platform data | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 7 picks
#1 · Best SBA — up to $25M
Live Oak Bank
Max amount
$25,000,000+
Cost
SBA 7(a) APR prime + 2.75% to 4.75%
Speed
30 – 90 days underwriting (SBA standard)
Min credit
680+ typical
Why we picked it
#1 SBA 7(a) lender in the US by dollar volume for 7+ years. SBA rates (prime + 2.75-4.75%) dramatically cheaper than MCA. 30-90 day timeline.
The strength
Largest SBA 7(a) lender in the US by dollar volume for 7+ consecutive years. Industry-specialty teams (veterinary, dental, funeral homes, self-storage, agriculture, hotels). Deep understanding of niche-vertical underwriting. Dramatically cheaper than MCA for qualifying merchants.
The watch-out
Long underwriting timeline (45-90 days typical). Requires strong credit (680+), 2+ years operating, clean financials. Industries outside their specialty get less attention.
Qualifications
24 months
$20,000+
680+ typical
#2 · Best big-bank for $1M-$25M
JPMorgan Chase Business
Max amount
$25,000,000
Cost
SBA 7(a) APR prime + 2.75% to 4.75%
Speed
Pre-qualification minutes; funding 5 – 60 days
Min credit
680+
Why we picked it
Top-5 SBA originator. Strong term loan + LOC products. Best for established merchants with existing Chase banking relationship.
The strength
SBA Preferred Lender — top-5 SBA originator nationally. Strong term loan + LOC products for established merchants. Best Chase relationship pricing for customers maintaining business deposit accounts.
The watch-out
Strict underwriting — 24+ months operating, clean financials, 680+ credit. Slower than fintech alternatives. Branch-dependent — some products require in-person closing.
Qualifications
24 months
$15,000+
680+
#3 · Best MCA for $250K-$2M
Libertas Funding
Max amount
$2,000,000
Cost
Factor varies by deal
Speed
Funding in 24 – 72 hours after approval
Min credit
550+
Why we picked it
Cited by CNBC Select specifically for larger advances. $250K-$2M typical deal range. Direct funder, customized terms.
The strength
Specializes in larger MCA advances than most competitors — $1M+ deals are routine. CNBC Select calls them out specifically for 'larger advances' use cases. Customized contract terms for established merchants.
The watch-out
Higher minimums ($25K+/mo revenue, 12+ months TIB) exclude smaller operators. Custom-term deals can include aggressive clauses; have an MCA attorney review contracts over $250K.
Qualifications
12 months
$25,000
550+
#4 · Best for $500K-$6M (marketplace + direct)
Biz2Credit
Max amount
$6,000,000+
Cost
Varies
Speed
Offers in 24-72 hours
Min credit
575+
Why we picked it
$25K-$6M+ range. Strong CRE and franchise programs. Hybrid marketplace + direct model.
The strength
Hybrid model — marketplace AND direct lender. Strong commercial real estate (CRE) and franchise financing programs. $7B+ in funding facilitated since founding. Strong platform features per Money magazine review.
The watch-out
Pricing not as transparent as some direct competitors. Application can feel like multiple lender approvals are happening in parallel — be ready for several sales follow-ups.
Qualifications
6 months
$12,500
575+
#5 · Best commercial for $1M-$50M+
CIT (First Citizens)
Max amount
$50,000,000+
Cost
Equipment APR 6 – 18%
Speed
5 – 21 days standard
Min credit
650+
Why we picked it
Now part of First Citizens Bank. Major commercial lending operation. Strong industry verticals: healthcare, manufacturing, transportation.
The strength
Major commercial lender now part of First Citizens Bank after 2022 merger. Strong equipment leasing + commercial lending programs. Industry verticals: healthcare, manufacturing, transportation, energy.
The watch-out
Mid-market and up — too large for typical SMB applicant. Conservative underwriting. Lengthy approval process.
Qualifications
24 months
$25,000+
650+
#6 · Best multi-product for $250K-$15M
Newtek Small Business Finance
Max amount
$15,000,000
Cost
SBA 7(a) APR prime + 2.75% to 4.75%
Speed
SBA 30 – 60 days; alternative products 1 – 7 days
Min credit
650+
Why we picked it
Top-3 non-bank SBA 7(a) lender. Combines SBA, alt-fin, payroll, payments in one provider.
The strength
Top-3 SBA 7(a) non-bank lender. Bundled offering: SBA, alternative financing, payroll services, payment processing, web/IT services. One-stop for established merchants. Now bank-affiliated via Newtek Bank.
The watch-out
Cross-sell pressure on bundled services. SBA process still 30-60 days minimum. Alternative financing arm pricing not always the most competitive.
Qualifications
24 months
$15,000+
650+
#7 · Best RBF for $1M-$20M (e-commerce)
Wayflyer
Max amount
$20,000,000
Cost
Single fee 3 – 8% of advance
Speed
Funding in 24 hours
Min credit
No FICO check — underwrites against platform data
Why we picked it
Up to $20M for established e-commerce brands. Underwrites via platform data. Tiger Global / J.P. Morgan backed.
The strength
Built specifically for e-commerce — underwrites using your Shopify/Amazon/Stripe data, not bank statements alone. Single-fee structure (no compounding factor). Repayment as percentage of daily sales — scales with revenue. Backed by Tiger Global, J.P. Morgan among others.
The watch-out
Only works for e-commerce/DTC brands with verified platform sales. Single fee can equate to 30-60% APR for fast-repaying deals. Some merchants report aggressive renewal pressure.
Qualifications
6 months
$20,000
No FICO check — underwrites against platform data
Frequently asked questions
- How can I get a $1 million business loan?
- Three viable paths: (1) SBA 7(a) via Live Oak Bank or JPMorgan Chase (cheapest but 30-90 days), (2) Large-deal MCA via Libertas Funding ($250K-$2M, 24-72 hours but expensive), (3) Bank commercial lending via JPMorgan, Wells Fargo, or CIT (mid-range pricing, 30-60 days).
- What's the largest MCA available?
- Libertas Funding routinely originates $1M+ deals up to $2M. Wayflyer (revenue-based, e-commerce only) goes up to $20M. Most generalist MCA funders cap at $500K. Larger deals require demonstrated $50K+/mo revenue and 12+ months operating.
- Is an SBA loan worth the wait for large amounts?
- Almost always yes if you qualify. $1M at SBA 9.75% over 10 years = ~$13K/mo. Same $1M at MCA factor 1.30 over 12 months = ~$108K/mo. The 30-90 day wait saves $1M+ in cost.
- What credit score do I need for a $500K loan?
- SBA: 680+. Bank: 680+. Mid-market commercial: 700+. Large MCA: 600+ acceptable but expect higher factor rates. Best terms require strong personal credit AND business financials demonstrating loan repayment capacity.
Related reading
Methodology. Rankings on Fundnode are editorial — we filter our database of 100 funders against the specific use case for this page, then rank by qualifying criteria (transparency, speed, contract terms, customer experience signals). We earn referral fees from some funders when merchants apply via Fundnode; ranking is independent of fee structure. Updated 2026-06-24.