How Do You Get a $2 Million Business Line of Credit?
Closer Capitalist·August 20, 2026·Funding Options
A $2 million business line of credit is not a bigger version of the $50,000 line most small businesses carry. It is a different underwriting exercise entirely. Realistically, you need $1 million to $2 million or more in annual revenue, several years of operating history, a personal credit score north of 700, and in most cases collateral or a personal guarantee, according to National Business Capital’s guide to securing a $1M line of credit. Get those four things in order and a $2M facility stops being a fantasy and starts being a conversation.
What it actually takes at this size
Every lender writing a seven-figure revolving facility is checking the same boxes, just at a much higher bar than a standard small business line.
Revenue. National Business Capital puts the common revenue benchmark for a $1M line of credit at $1 million to $2 million or more in annual revenue, with consistent, verifiable growth over several years mattering as much as the raw number. A $2M facility sits at the top of that band or above it.
Time in business. The standard minimum for a smaller business line runs six months to two years, but at this size most lenders prefer to see two to three years of operating history, and some push for five years before they will underwrite a facility this large, per the same National Business Capital analysis.
Credit and personal guarantee. A personal credit score of 700 or higher is the realistic floor, and a personal guarantee from any owner holding 20% or more of the company is standard practice, not a negotiating point.
Collateral. Unsecured lines rarely reach seven figures. According to LendingTree’s guide to secured business lines of credit, bank secured lines of credit run 8% to 14% APR with limits of $250,000 to $5 million or more, and products like the Wells Fargo Prime Line of Credit go up to $3,000,000 specifically for established, high-revenue companies willing to pledge collateral. That collateral, usually receivables, inventory, equipment, or real estate, is what makes a facility this size pencil out for the lender.
The ladder from $100K to $2M+
| Facility size | Typical annual revenue | Typical credit floor | Time in business | Collateral |
|---|---|---|---|---|
| $25,000 to $100,000 | $50,000 to $150,000 | 600+ | 6 months to 1 year | Usually unsecured |
| $100,000 to $500,000 | $250,000 to $500,000 | 650+ | 1 to 2 years | Often unsecured, sometimes secured |
| $500,000 to $1,000,000 | $750,000 to $1.5M | 680+ | 2 to 3 years | Typically secured |
| $1,000,000 to $2,000,000+ | $1M to $2M+ | 700+ | 2 to 5 years | Secured, personal guarantee standard |
Read that table straight: the jump from $500,000 to $1 million in facility size is not a proportional step, it is a change in category. Below $500K you are shopping alternative and online lenders. Above it you are talking to banks and structured finance desks, and the paperwork reflects that.
Bank versus alternative lender at this size
A traditional bank line at $1M to $2M generally prices lower, in that 8% to 14% APR range noted above, but the process is slower and the documentation heavier: multiple years of tax returns, financial statements, a borrowing base if receivables or inventory secure the line, and weeks of underwriting rather than days. An alternative or non-bank lender can move faster and flex more on time in business, but expect the rate to run higher to compensate for the speed and the flexibility.
Where Closer Capital actually fits
Here is where we have to be straight with you. Closer Capital’s dedicated business line of credit product runs $25,000 to $500,000 at 12% to 45% APR, sized against businesses with $10,000 or more in monthly revenue. That product does not reach $2 million, and we are not going to tell you otherwise.
What Closer Capital does offer at this scale is commercial lending, the desk built for established companies with $2 million or more in annual revenue and 2+ years of operating history. It structures accounts receivable financing at advance rates up to 85%, asset-backed lending against inventory, equipment, and real estate, and syndicated facilities from $5 million and up. A $2 million ask for an established business is a commercial lending conversation, or a blended structure combining a revolving facility with a term component, not a straightforward line-of-credit application. Nothing in that program is priced publicly. You get a structure and a term sheet after a discovery call, and Closer Capital is compensated only on a successful closing with no upfront fees.
Across all seven of its programs, Closer Capital funds $25,000 to $5 million. The baseline eligibility across the board is 600+ credit, 1+ year in business, and $100,000+ in annual revenue, but that is the floor for the smallest requests. A $2 million facility needs the revenue and history described above, not the baseline minimum.
Pre-qualification runs with no credit pull. See what you actually qualify for before assuming the number you want is out of reach or that the line-of-credit product alone is the right door to walk through.
FAQs
How much revenue do I need for a $2 million business line of credit?
Realistically $1 million to $2 million or more in annual revenue, per National Business Capital’s benchmark for $1M-plus facilities. Lenders also want to see consistent, verifiable growth over multiple years, not just a single strong revenue year.
What credit score do I need for a $2 million line of credit?
A personal credit score of 700 or higher is the realistic floor at this size. Below that, most banks and structured finance desks will not underwrite a facility this large regardless of revenue, since the credit score is one of the few clean signals they have on personal risk.
Does Closer Capital offer a $2 million line of credit?
Not through its standard business line of credit product, which tops out at $500,000. A $2 million ask routes through Closer Capital’s commercial lending program instead, which is built for businesses with $2 million or more in annual revenue and structures larger, more complex facilities including asset-backed and receivables financing.
Is a $2 million line of credit secured or unsecured?
Almost always secured. Unsecured facilities rarely reach seven figures because the lender’s risk gets too large to carry without collateral. Expect to pledge receivables, inventory, equipment, or real estate, and expect a personal guarantee from any owner with 20% or more ownership.
How long does it take to get approved for a facility this size?
Longer than a standard small business line. A $25,000 to $500,000 line can approve in 24 to 72 hours. A $1 million to $2 million facility, whether at a bank or through a structured commercial lending desk, typically involves weeks of underwriting, a borrowing base review if receivables or inventory are involved, and a discovery-to-term-sheet process rather than an instant decision.
