Same-Day to 48 Hours: MCAs and Short-Term
Merchant cash advances and short-term funding can often be approved and funded within 24-48 hours for qualified businesses.
1-2 Weeks: Lines of Credit and Equipment Financing
These products require more underwriting but are still much faster than traditional bank loans.
2-4 Weeks: Term Loans
Longer-term business loans with better rates typically take a few weeks for approval and funding.
1-3 Months: SBA Loans
SBA loans offer great terms but require extensive documentation and have a lengthy approval process.
Factors That Speed Up Approval
Having documents ready, responding quickly to requests, having organized financials, and applying during normal business hours all help speed the process.