How fast can I actually get funded?

Revenue-based funding typically funds in 24 hours from application, and same-day funding is sometimes available for deals under $150,000 that complete before mid-morning.

How long does a term loan take to fund?

Term loans take 5 to 14 business days. Processing time scales with deal size, a $100K term loan can fund in a week, while a $500K deal can take two. Expect a hard credit pull at the offer stage.

How fast is a line of credit after it is set up?

Origination takes about 5 to 10 business days, similar to a term loan. Once the line is established, draws land in your account within hours of request.

How long does invoice factoring take?

First-time invoice factoring requires 3 to 7 business days for setup, including verification of your customers. After the initial setup, each subsequent invoice advance is next-day.

What are the most common reasons funding gets delayed?

Documentation gaps slow most deals: incomplete bank statements, a business entity in poor standing with the state, undisclosed tax liens or judgments, and existing UCC-1 filings that need subordination agreements.

Can I use a bridge to get funded now and refinance into SBA later?

Yes. If speed matters, bridge capital can fund in 24–48 hours and you can refinance into SBA later when the longer 45–90 day timeline completes.

How Long Does Small Business Funding Actually Take? | ICG Funding

Q: How long does an SBA 7(a) loan take?

SBA 7(a) takes 45 to 90 days. 45 days is possible with a preferred lender and a clean file; 90 is the norm for first-time SBA borrowers because of the federal guarantee process.

Q: How long does equipment financing take?

Equipment financing takes 2 to 5 business days. It adds a vendor invoice verification step and sometimes a third-party equipment appraisal, then funds go directly to the vendor on your behalf.

#The honest answer, product-by-product

"How long does funding take?" is the most common first question we get. The answer depends entirely on the product. Here is what actual timelines look like at ICG and across the small-business lending industry.

#Revenue-based funding: 24 hours

Revenue-based funding is the speed leader. Application to funded bank account is typically 24 hours, sometimes same-day for deals under $150,000 that complete before mid-morning. The process is streamlined because underwriting leans on bank statements rather than tax returns or financial statements.

#Bridge capital: 24–48 hours

Bridge capital follows the same underwriting path as revenue-based funding but often involves slightly more due diligence on the exit event (refinance, receivable, sale closing). Plan for 48 hours on deals over $250,000.

#Equipment financing: 2–5 business days

Equipment financing adds a vendor invoice verification step and sometimes a third-party equipment appraisal. Once the vendor is confirmed, funds go directly to the vendor on your behalf.

#Term loans: 5–14 business days

Term loans require tax returns, a P&L, and usually a personal financial statement. Processing time scales with deal size, a $100K term loan can fund in a week; a $500K deal can take two. Expect hard credit pulls at the offer stage.

#Lines of credit: 5–10 business days

Lines of credit take about as long as a term loan to originate, but once established, draws land in your account within hours of request.

#Invoice factoring: 3–7 business days for setup, 24 hours per advance after

First-time invoice factoring requires verification of your customers (who will be paying the factor directly). After the initial setup, each subsequent invoice advance is next-day.

#SBA 7(a): 45–90 days

SBA 7(a) is the slowest because of the federal guarantee process. 45 days is possible with a preferred lender and a clean file; 90 is the norm for first-time SBA borrowers. If speed matters, use a bridge to fund today and refinance into SBA later.

#What slows deals down

Most timelines miss because of documentation gaps:

Incomplete bank statements (missing pages, or last 30 days not closed yet)
Business entity in poor standing with the state
Open tax liens or judgments the borrower didn't disclose
Existing UCC-1 filings that need subordination agreements

If you know any of these are on your file, surface them in the application. Underwriters can plan around known issues; they cannot plan around surprises.

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