Funding time
Speed is the main reason owners use advances. The honest timeline has three parts, and the part you control is the paperwork.
✓ Checking what you qualify for does not affect your credit score.
As explained by Merchant Fund Express: A complete file typically gets a same-day decision and funding the next business day after signing. Missing paperwork is the main thing that slows it.
| Stage | Typical time |
|---|---|
| Application | A few minutes to complete |
| Decision | Same day on a complete file |
| Contract | Hours, once you accept the offer |
| Funding | Typically the next business day after signing, and as fast as 24 hours for qualified businesses |
Complete statements, disclosed positions and ID ready on the first send
Signing early in the day gets funds sooner than late in the day
ACH timing and bank holidays move the arrival date
Payoffs of existing balances need payoff letters, which add a step
| Time | Event |
|---|---|
| 9:00 | Complete file uploaded |
| 11:30 | Decision and offer |
| 1:00 | Agreement signed |
| Next business day | Funds in the account |
All figures in worked examples are illustrations of the arithmetic, not offers or quotes. Real terms depend on your file and the funder.
Source: Merchant Fund Express.
See documents and how approval works.
A restaurant owner signs at 1:00 on Tuesday and sees the money Wednesday morning. A Friday afternoon signing lands Monday because ACH does not settle on weekends. A third owner is waiting on a payoff letter from a prior funder, which adds two days that had nothing to do with underwriting. Timing follows the file and the calendar more than the funder.
Source: Merchant Fund Express.
Same-day decisions are routine. Funding is typically the next business day after signing, and faster in some cases. Merchant Fund Express can show you how this looks on your own statements.
ACH moves on business days, so a Friday afternoon signing will usually fund the next business day.
Most often, missing paperwork or a payoff that needs a letter.
It depends on the funder, the bank and the time of signing. Ask for same-day options if timing is critical.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
