Where banks win
Where they do not
| Bank | Deposit-based funding | |
|---|---|---|
| Time to decision | Weeks to months | 2-4 hours on a complete file |
| Documents | Returns, financials, projections, plan | Statements, ID, voided check |
| Credit expectations | Strong file required | 500s placed routinely |
| Time in business | Usually two years plus | Read case by case |
| Fits a Friday deadline | No | Yes |
The decision, simplified
If you have months and clean books, apply to a bank — the saving is real and large. If a deadline creates the value, a bank cannot help you in time, and waiting to find that out costs you the opportunity.
Running both at once is common and sensible: fund the immediate deal, start the longer application in parallel. The thing to check is that both payment schedules can run together before you commit to the second.
If a bank has already declined you
A decline is information, not a verdict. It usually reflects time in business, documentation or the credit file rather than the viability of the business. We publish what happens next at options after a bank decline.
Common questions
Why do banks decline profitable businesses?
Usually documentation, time in business or credit file rather than profitability. Banks underwrite to a narrower box.
How long does a bank loan take?
Typically weeks to months, depending on the product and how complete your file is.
Should I try a bank first?
If you have lead time, yes. The cost saving is significant. If you have a deadline, it is not a realistic route.
Can I do both at once?
Yes. Just model both payment schedules running together before committing.
See what you qualify for
Same-day decision. Applying takes a few minutes and will not affect your credit score.