Speed is one of the biggest reasons small business owners choose a merchant cash advance over traditional financing. While a bank loan can take 30 to 90 days from application to funding, Workable Funding can get capital into your account in as little as 24 hours.
Here is the exact timeline from the moment you apply to the moment funds hit your account.
The Workable Funding Timeline
Day 1 — Morning: Submit your application. The online application takes approximately 2 minutes to complete. You will provide basic business information, your funding amount, and your contact details. No hard credit pull at this stage — no impact to your credit score whatsoever.
Day 1 — Within a few hours: Specialist assigned and file reviewed. As soon as your application is submitted, a dedicated Workable Funding specialist is assigned to your file. They review your application alongside your 3 months of bank statements. In most cases this review is completed the same morning or afternoon you apply.
Day 1 — Same day: Offer structured and presented. Your specialist contacts you directly — by phone or email — with a funding offer tailored to your business. They will walk you through the funding amount, factor rate, total repayment, and payment schedule. You can ask questions, negotiate, and take time to review. There is no pressure and no obligation.
Day 1 or Day 2 — Upon signing: Funds wired. Once you accept your offer and sign electronically, funding is initiated. In most cases funds are wired to your business checking account the same day you sign. If you sign late in the afternoon, funds typically arrive the following morning.
Total timeline: as fast as same day, almost always within 24 hours.
How Does This Compare to a Bank Loan?
Traditional bank loans are notoriously slow. A Workable Funding MCA application takes 2 minutes versus 2–4 hours for a bank. Review takes the same day versus 2–4 weeks. Approval is same day versus 2–6 weeks. Funding after approval is same day versus 1–2 weeks. End-to-end timeline: 24 hours versus 30–90 days.
Need funding fast? Apply with Workable Funding in 2 minutes. Same-day decisions.
Apply NowWhat Can Slow Things Down?
While Workable Funding moves as fast as possible, a few things can delay the process on the applicant side.
Incomplete bank statements. Make sure you provide all 3 months of statements, including all pages. Missing pages cause delays.
Unresponsive to calls or emails. Your specialist may need to clarify information. Responding quickly keeps things moving.
Unsigned documents. Electronic signatures take 60 seconds. The sooner you sign, the sooner you get funded.
Bank processing times. Wire transfers are initiated immediately upon signing but your specific bank's processing time may add a few hours. Most business accounts receive wires same day.
If your business needs capital today, there is no faster path than a Workable Funding MCA. Submit your 2-minute application now and a specialist will be in touch the same day.
Written by the Workable Funding Team · New York, NY