Key Takeaways
- Bankable issues funding decisions within 48 hours of a complete application
- Funds reach your business bank account within 3 to 7 business days of approval
- The entire process from application submission to cash in account takes 5 to 10 days
- Repeat clients with strong repayment history can receive updated funding even faster
- Compared to banks (3–8 weeks) and SBA loans (8–12 weeks), Bankable is dramatically faster
Speed matters in business. The difference between having capital in your account in 5 days versus 90 days is often the difference between seizing an opportunity and watching it pass, between making payroll and explaining to employees why it is late, between ordering inventory before the holiday season and scrambling in November. Bankable is built for business speed.
The Bankable Timeline
| Step | Timeline | What Happens |
|---|---|---|
| Application Submission | Day 1 | You complete the 5-minute online application and upload documents |
| Document Review | Day 1–2 | Bankable reviews bank statements, EAD, and business documents |
| Decision Issued | Day 2 | Approval with specific offer terms, or request for additional information |
| Offer Acceptance | Day 2–3 | You review and sign the loan agreement electronically |
| Funds Disbursed | Day 3–7 | ACH transfer to your business bank account initiates |
| Funds Available | Day 5–10 | Funds clear in your business bank account and are available |
Comparison: Bankable vs. Alternatives
| Lender | Decision Timeline | Funding Timeline |
|---|---|---|
| Bankable | 48 hours | 3–7 business days |
| Traditional bank | 3–8 weeks | 1–3 weeks after decision |
| SBA 7(a) loan | N/A (excluded) | 8–12 weeks minimum |
| Credit union | 1–4 weeks | 1–2 weeks after decision |
| CDFI lender | 2–6 weeks | 1–3 weeks after decision |
Frequently Asked Questions
No. Bankable does not require a green card, US citizenship, or permanent residency. A valid Employment Authorization Document (EAD), business EIN, and 4 months of documented business revenue are the primary requirements.
Bankable issues funding decisions within 48 hours of a complete application. Funds reach your business bank account within 3 to 7 business days of approval.
No. Business financing is a lawful commercial activity. Bankable does not report to USCIS or any immigration agency. Your petition and your business financing are entirely separate matters.
Banks use manual underwriting processes, committee reviews, and regulatory compliance checks designed for complex mortgage-style loans. Bankable's revenue-based underwriting uses automated analysis of bank statements and business data to issue decisions within 48 hours. The process is fundamentally different.
The most common delay is incomplete documentation. If we cannot verify your revenue from the initial submission, we request additional documents and the clock restarts. Submitting complete, clean bank statement PDFs and a clear EAD copy in your initial application significantly speeds up the process.
Bankable does not currently offer same-day funding. Our floor is 3 business days after approval. For documented business emergencies, we prioritize review and may be able to complete the process in 3–4 days total.
Existing Bankable clients who maintained good repayment records can receive updated funding decisions within 24 hours of submitting updated bank statements. We already know your business — the re-evaluation is streamlined.
ACH transfers between US banks take 1–3 business days regardless of which bank you use. Same-day ACH is available for some banks and we use it where possible. Wire transfers can be used for time-sensitive situations — inquire at the time of your offer.