A $1 million request needs a project, not a headline
At $1 million, I would expect the financing request to be built around a defined business transaction or investment: real property, major equipment, expansion, acquisition-related needs or another substantial project. I would want detailed financial information, project costs, existing obligations, owner contribution where applicable, and a credible repayment case.
No legitimate intermediary should tell an owner that asking for $1 million means receiving $1 million.
The CSBFP can reach this scale, with important limits
The current CSBFP allows up to $1 million in term loans, plus up to $150,000 in a line of credit. But sub-limits apply: within the term-loan maximum, no more than $500,000 can be used for equipment and leasehold improvements, and within that amount no more than $150,000 can be used for intangible assets and working capital. The program has detailed eligible-use rules.
Most importantly, the participating financial institution makes the approval decision. The statutory maximum is not an entitlement.
How I would prepare
I would build a complete sources-and-uses schedule showing every dollar of the project and where every dollar of financing or owner capital comes from. I would prepare historical financial statements, current interim results, projections with assumptions, existing debt, security information and supporting contracts or quotes.
Then I would stress-test repayment. A million-dollar financing decision should still make sense if revenue arrives later than expected or costs rise. The financing structure has to survive ordinary business volatility, not only the best-case forecast.