Is the Approval Process for Your Business Loan Taking Too Long?

Last Updated on August 31, 2012

As a business owner you apply for loans for a number of reasons. You may need cash flow to meet payroll responsibilities, equipment may need to be fixed or purchased, or perhaps you are ready to grow the business to create more revenue.  Whatever the reason, the faster you receive the financing, the faster you can take care of business.

The loan process at a bank is a long and tedious one.  Banks are required to give due consideration to each application and must go through a series of steps. So even if the first employee to look at the application knows it will not be approved, you may still wait a number of weeks until you are denied. That is lost time that could have been used to find an alternate source of financing.

Fortunately, National Business Capital has a loan process that moves very quickly.  In fact, most loans can be approved in 24 – 48 hours and can be funded within 5 -7 business days!  

National Business Capital is a niche commercial finance company that works with many types of businesses, big or small, nationwide. Call and speak with one of our business consultants to learn how we can help your business!

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.