The length of the application process depends on various factors, such as the complexity of the financing solution you require, the completeness of your application, and how quickly you respond to any follow-up questions or requests for additional information.
At Schield.Credit, we aim to make the application process as fast and efficient as possible, without sacrificing the thoroughness required to ensure that we provide the best financing options for your business needs. Typically, applying for an MCA loan or equipment financing can take anywhere from 1-3 days to hear back from the lender(s). While a Business Term loan or SBA application can take multiple weeks until underwriting is complete and a final decision is made.
To expedite the process, we recommend that you gather all the necessary documents and information before submitting your application, including financial statements, tax returns, and business plans. Check out our Required Docs tab on this support page for more info. Our experienced team of financing specialists is always available to answer any questions you may have and guide you through the application process to ensure that you have the best chance of securing the financing you need to grow and thrive.
