loan turnaround funding financing

How Quickly Can You Access the Money?

1 min read • Mar 03, 2022 • Jeanie Croasmun

How long after your application has been approved can you put that cash advance, credit card, line of credit, or financing to work? We asked our resident financing wizards (or as we call them, our funding team) for a quick overview—because sometimes you have long-term plans and speed isn’t so important, and other times, you need to access your funds ASAP.*

loan turnaround funding financing

*Remember, every situation is different. All times on this chart are estimates. Weekends, holidays, and unforeseen circumstances can slow down even the best process, and funds and timing are always dependent upon an application being approved. In other words, use this chart as a guide but the best way to find out exactly what’s available for your business—and when—is to apply for financing.

Disclaimer: The information provided in this post does not, and is not intended to, constitute business, legal, tax, or accounting advice and is provided for general informational purposes only. Readers should contact their attorney, business advisor, or tax advisor to obtain advice on any particular matter.

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Jeanie Croasmun

Jeanie Croasmun is a writer, editor, and all-around news junkie who voluntarily (and gleefully!) listens to economics podcasts while she runs. She writes on current issues and other topics related to small business finance for Lendio.