What are the average loan amounts for different lenders?
The average loan amounts by lenders are as follows: Large national bank loans: $593,000, Small regional bank loans: $146,000, SBA loans: $107,000, Online loans: $5,000 to $250,000, Short-term loans: $20,000, Medium-term loans: $110,000, Business line of credit: $20,000, Equipment financing: Up to 80% to 100% of the value of purchased equipment, Invoice financing/invoice factoring: 70% to 90% of the amount invoiced, Merchant cash advance: Based on total future credit card or debit card sales, Microloans: Up to $50,000.