Loan amounts at individual lenders can vary significantly. Some lenders offer seven-figure small business loans, while others might cap out at $50,000.nnHere are the types of lenders to consider when looking for high borrowing amounts for your small business loan.nnSBA-Approved LendersnnSBA-approved lenders refer to financial institutions that are approved to offer loans through the Small Business Administration (SBA) program. SBA lenders typically provide small business loan amounts ranging from $50,000 to $5 million, with the average loan size being around $375,000.nnThese loans are designed to provide financial assistance to small businesses for various purposes such as working capital, equipment purchases, real estate acquisition, and more. SBA loans are known for their favorable terms, including low interest rates and longer repayment periods, making them an attractive option for small business owners needing funding.nnMany consider SBA loans the gold standard of small business financing. Additionally, SBA lenders often have more flexible eligibility requirements compared to traditional banks, making it easier for small businesses to qualify for a loan. Traditional or alternative lenders can be approved to offer SBA loans.nnLarge Commercial BanksnnSmall business loan amounts from large commercial banks can vary widely, with some banks offering loans as low as $5,000 and others offering up to $5 million or more. However, getting approved for a small business loan from a large commercial bank can be incredibly difficult for small businesses.nnThese banks often have strict lending criteria, requiring a solid credit history, significant collateral, a down payment, and a proven track record of profitability. Meeting these criteria can be a considerable challenge for many small businesses, especially startups or industries with higher risk.nnIn addition, many commercial banks focus on medium- and enterprise-level companies. As a result, many small businesses turn to alternative or SBA-approved lenders for more flexible lending options.nnLocal Banks & Credit UnionsnnSmall business loan amounts at local banks and credit unions can vary, but they often offer lower loan amounts than large commercial bank loans. These smaller financial institutions may have stricter eligibility requirements similar to commercial banks, requiring businesses to have a strong credit history, a solid business plan, and potential collateral to secure the loan.nnWhile the loan amounts may be smaller, local banks and credit unions' personalized service and community focus can make them a valuable option for small businesses needing financing. In addition, traditional lenders like banks and credit unions typically offer lower interest rates than online lenders.nnAlternative LendersnnSmall business loan amounts at alternative lenders vary widely but are often higher than traditional banks offer. Alternative or online lenders are known for their higher loan approval rates than traditional banks.nnThis is because online lenders often use technology and data analytics to assess creditworthiness, allowing them to make faster and more accurate lending decisions. Additionally, online lenders may be more willing to take on the risk of lending to small businesses, as they have lower overhead costs and can reach a wider pool of potential borrowers through digital platforms. As a result, small business owners may find it easier to secure more significant loan amounts from online lenders.