How to Qualify for a 2 Million Dollar Loan

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If a million-dollar is already a lot of money, imagine considering 2 million dollars for a credit. It will not be simple, clearly. However, if you want to know how to qualify for a 2 million dollar loan, you will need to consider the lender from who you will request it in the first place.

It is true that many types of loans, especially those with such a large sum of money, have similar requirements the borrower has to fulfill.


However, not all lenders work under the same ones, and sometimes, you might find yourself with a lending institution that requests fewer or more requirements. This is why the starting point is to determine who is going to be your lender or a potential one. You can choose to request loans from different institutions, but the best option is to have the main one to avoid any problems.

Also, keep in mind that both lending institutions like banks and financing groups have different requirements when compared to private lending companies. Therefore, when you start searching about how to qualify for a 2 million dollar loan, this is another variant to consider. At Commercial Real Estate Loan Pros of Tallahassee, we can only help you to know our requirements for this loan that might be similar to other private lending companies like us.

Before starting with them, we want you to know that our company does its best to keep the requirements to only the essentials. What does this mean? That we try to request the real necessary information and details, not unnecessary ones that are only to refrain some people from applying. This is why we are confident you will find the qualifications to be fair considering the sum of money from the loan.

Requirements for the 2 million dollar loan

For us, credit scores and collateral are the most important parts. You might not need to come forward with an excellent score, but we are expecting a good one that can show your creditworthiness. If you are unable to offer your personal credit score, you are welcome to use someone else’s as long as this person is willing to do so and comes to us if we approve your loan.

As for collateral, we accept both assets and properties. Since every èrsona and company has different needs for the funds, we know it is hard to establish specific collateral. However, it needs to finance at least 75% of the loan. If not, you will not be able to request or have our team approve it since it is crucial for us to know you are able to return—somehow—the funds.

As for the rest of the requirements, we only care about annual revenue, financial records, details about how you will use the funds, and basic information and details. For companies, we might add some requirements depending on the type of business you have or the industry you are part of.

Every time someone asks us how to qualify for a 2 million dollar loan we like to mention that it is not necessary to give it so many thoughts. However, at Commercial Real Estate Loan Pros of Tallahasseewe understand that it is not that simple and despite the few requirements we ask for, it is a matter of how well you fulfill them as well.

There are so many areas or regions where we offer these services with most of them being cities.

However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.