How Hard Is It to Get a $300,000 Business Loan?
Getting a $300,000 business loan is a mid-difficulty ask: too large for the loosest bank-statement-only lenders, but well inside normal range for banks, SBA lenders, and established online term lenders.
Part of our guide to Business Loans.
Last updated · Reviewed by Cody Dreis
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The Full Answer
What the approval typically takes: annual revenue around $1M or more (lenders generally cap the loan at 10% to 30% of annual revenue), a personal credit score in the 640 to 680 range depending on the lender, roughly 2 years in business, and cash flow that covers the payment about 1.25 times over. Documentation steps up at this size too: expect tax returns and financial statements alongside bank statements.
Your main routes. SBA 7(a): the cheapest option, currently about 9.75% for amounts over $250K, in exchange for fuller paperwork and a longer timeline. Conventional term loans: faster, rates from roughly 8% at banks to 14%+ online. Equipment financing: often the easiest $300K approval when the money buys hard assets, since the asset is the collateral. Strong-revenue businesses that need speed can also blend smaller products.
How Quordx Helps
The difference between a decline and an approval at $300K is usually lender selection, not your business. Quordx matches your financials to the lenders in its 50+ network that fund at this level, free, with decisions typically in 24–48 hours.
See your real path to $300K: apply free in about 10 minutes.
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Written by
Cody Dreis
Founder, Quordx Capital
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Quordx Capital is a business funding broker, not a lender. Lenders make every credit decision and set the rate, fees and terms, and not every business qualifies. Quordx may be paid by a lender when a deal funds. Full disclosures