Explained
Five stages, and the one you control most is the first. Almost every delay traces back to what was sent at the start.
✓ Checking what you qualify for does not affect your credit score.
| Stage | What happens | Typical time |
|---|---|---|
| Application | You state revenue, amount and purpose | A few minutes |
| Documents | Statements, ID, voided check reviewed | You control this entirely |
| Underwriting | Deposits, history, credit and positions read | 2-4 hours on a complete file |
| Offer and contract | Amount, total repayment, term, schedule | Same day |
| Funding | Money lands in your business account | Same or next business day |
Not your tax return. For deposit-based funding the underwriter is looking at how much money moves through your business account, how consistently, and how much of it is already committed to other payments.
Consistency beats size. A business depositing $40,000 a month steadily is a stronger file than one averaging $60,000 with two months near zero.
Short-term funding is usually repaid daily or weekly rather than monthly, taken automatically from your business account or as a share of card volume. That is the part that catches people out — the payment starts quickly and comes often.
Before signing, ask when the first payment leaves and compare it to when whatever you are buying starts producing revenue.
On a complete file, a decision in 2 to 4 hours and funding the same or next business day.
Business bank deposits, time in business, credit history and any existing positions.
Usually quickly, and often daily or weekly. Ask for the exact first payment date before signing.
No. Checking what you qualify for does not affect your personal credit score.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
