Answers
For merchant cash advances and revenue-based financing, a complete file often gets a decision the same business day and funds the next business day after signing. Bank loans typically take weeks, and government-backed programs can take longer. Missing documents are the most common cause of delay.
✓ Checking what you qualify for does not affect your credit score.
For merchant cash advances and revenue-based financing, a complete file often gets a decision the same business day and funds the next business day after signing. Bank loans typically take weeks, and government-backed programs can take longer. Missing documents are the most common cause of delay.
Key facts
Related: Business Funding Answers for Canadian Owners · Business Funding Requirements in Canada · What Business Funding Costs in Canada, Compared · Documents Needed for Business Funding in Canada · Merchant Cash Advance Canada: How It Works and Costs
| Product | Decision | Funding after approval |
|---|---|---|
| Merchant cash advance | Often same day | Often next business day |
| Revenue-based financing | Same day to a few days | Days |
| Bank line of credit | One to several weeks | Days after documents |
| Bank term loan | Several weeks | After security is registered |
| Government-backed loan | Weeks to months | Program dependent |
These are typical ranges, not promises.
If your question is about your own file rather than the general rule, the fastest route to a specific answer is a review. Send a signed application and your last four months of business bank statements, mention this question in a note, and the response will address it directly. You can also call (305) 384-8391 and ask before applying; there is no cost to ask.
Download the last four months of statements for every business account as full PDFs, not screenshots, and check that every page is there. Have photo ID, your business number and a void cheque ready, and list any current advances with their payoff figures.
Answer follow-up questions the same day. Most delays are not underwriting time but waiting for a missing page or a quick explanation.
Reviewed by the Merchant Fund Express team on October 12, 2026. Official pages checked as of that date.
Same-day decisions are common; funding usually follows the next business day.
Banks review financial statements, collateral and often require security registrations before funding.
Yes. Funding moves on business days.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
