Turnaround times vary by small business loan type and lender. Typically, we can have credit decisions within 1-2 business days with several small business loan options for your review and acceptance.
If you decide to proceed, you will sign contracts electronically via Docusign. Once your loan has been finalized and contracts signed, funds can be transferred via ACH or wire within 24 hours.
Best case scenario we can deliver funds in 24 hours, but the typical turnaround from application to funding takes 3-4 business days.
Depending on the nature of your small business loan, we may ask you to submit additional documentation, such as financial statements or tax returns. The sooner you submit the requested information, the sooner we can work toward finalizing your approval and funding.
Also – faster turnaround doesn’t necessarily mean more expensive. We have many private and institutional funding sources that provide only feature speed, but reasonable rates as well. There is no need to compromise high cost for speed.