How to get a $500,000 business loan?
To get a $500,000 business loan, plan on showing strong revenue, typically 2+ years in business, credit of roughly 650+ for the best products, and full financial documentation, at half a million dollars, underwriting is real diligence, not a bank-statement scan. The good news: several product categories fund $500K, from SBA 7(a) and Express loans to term loans and equipment financing. Applying to lenders that cap out below your number, or whose credit box doesn't fit you, wastes months. Quordx Capital matches your file to lenders in our 50+ network that actually write checks this size.
This guide is part of our full library on Business Loans. Start there for the complete lineup, then come back for the deep dive on your situation.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What underwriting looks like at $500K
Expect lenders to evaluate debt service coverage, whether your cash flow comfortably covers the new payment on top of existing obligations. You'll provide 3-6 months of business bank statements, business tax returns, a P&L and balance sheet, ID, and entity documents. Collateral and personal guarantees are common at this level.
Your product choice drives both cost and timeline. SBA 7(a) loans over $350K are capped at Prime + 3.0%, about 10.5% today: among the best pricing available for this amount, though the process takes longer. SBA Express tops out exactly at $500K with an SBA response within 36 hours. Conventional term loans from banks (median rates in the low 7% range) move faster than SBA but demand the strongest files. Alternative lenders can reach $500K for borrowers who don't fit the bank box, at meaningfully higher rates.
Products that reach $500,000
SBA 7(a) loan: up to $5M; loans over $350K currently capped near 10.5% variable. Best for the lowest long-term cost.
SBA Express: up to $500K with a 36-hour SBA response. Best for SBA pricing with less waiting.
Business term loan: $10K-$500K+ over 1-5 years. Best for borrowers who want speed and fixed payments.
Equipment financing: $5K-$5M+ secured by the assets. Best when the spend is machinery, fleets, or heavy equipment.
How Quordx Capital Works
You complete one application in about 5 minutes and upload your financial package. The platform analyzes the file against 50+ vetted lenders, banks, SBA-approved lenders, and alternative finance, and surfaces your 3-7 strongest matches by approval probability. Non-SBA decisions typically return within 24-48 hours, with funding in 3-7 business days; SBA timelines run longer.
What to Expect
At $500K, preparation beats speed. Expect lenders to ask follow-up questions, and expect us to help you package the file so it answers them up front. If your financials aren't quite there yet, we'll say so plainly and map what gets you there, rather than submitting a file destined to be declined. Matching is free, terms are fully disclosed, and there's no obligation at any step.
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No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
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