How fast business funding actually works
Traditional bank loans can take weeks of paperwork and committee reviews. A merchant cash advance is underwritten mainly on your business's recent bank deposits, so the process is much shorter:
- Apply online (about 5 minutes). Share basic owner and business details.
- Upload 4 months of business bank statements. This is the single most important document for a fast decision.
- Review your offer. Many complete files receive a decision the same business day.
- Sign and get funded. Once the contract is signed and verification is complete, funds are sent by wire or ACH — often the same or next business day.
Tip for the fastest funding: Apply early in the business day, upload complete statements (all pages), and keep your phone nearby so the funding specialist can confirm details quickly.
What same-day funding is used for
- Covering payroll during a slow week or while waiting on a large invoice
- Emergency equipment repairs that stop your business from operating
- Buying discounted inventory before a supplier deal expires
- Taking on a large new contract that requires upfront materials or labor
- Paying an unexpected tax bill, insurance premium or rent increase
Who qualifies for fast funding
Fast funding works best for established businesses with steady deposits. General guidelines:
- At least 12 months in business
- Around $10K+ in monthly revenue deposited into a business bank account
- All credit scores considered — your revenue is what matters
- A U.S.-based business with a business checking account
See the full list on our funding requirements page.
Fast funding vs. a bank loan
| Merchant cash advance | Traditional bank loan | |
|---|---|---|
| Typical decision time | Hours to 1 day | Several weeks |
| Main approval factor | Business revenue | Credit, collateral, financial statements |
| Collateral | Not required | Often required |
| Cost | Higher | Lower |
| Best for | Speed and flexibility | Long-term, lowest-cost financing |
Speed has a cost. A merchant cash advance usually costs more than a bank loan, so it makes the most sense when the opportunity or problem is worth more than the cost of funding. Use our MCA calculator to see the numbers before you apply.
Funding by industry
Restaurants · Trucking · Construction · Medical & Dental · Retail Stores · Auto Repair Shops · Salons & Spas · E-commerce · Landscaping · HVAC & Plumbing · Manufacturing · Wholesale & Distribution · Gyms & Fitness · Hotels & Hospitality