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How long does it take to get approved for a business loan?

Last updated May 2026 · Reviewed by David Chen
Quick Answer

Approval times vary by lender type. MCAs approve in 4 hours. Online business loans approve in 24 hours. Equipment financing in 26 hours. Traditional bank loans take 60-90 days. SBA loans take 60-120 days. The fastest approvals require a complete application with bank statements ready.

Key Details

  • MCA: 4 hours
  • Online business loan: 24 hours
  • Equipment financing: 26 hours
  • Invoice factoring: 22 hours
  • Bank loan: 60-90 days
  • SBA loan: 60-120 days

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Answer by David Chen — Senior Business Funding Editor
12+ years in alternative lending. $200M+ underwritten.

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