Timeline for Line of Credit & Term Loans
Line of Credit
Once the loan offer is accepted, please allow 2 to 3 weeks for loan closing process.
For subsequent loan advances, please allow 5 business days.
Term Loans
Once the loan offer is accepted, please allow 2 to 3 weeks for loan closing process.
For loan increases or amendments, please allow 2 weeks for loan amendment process.
Factoring
For new clients, from application to funding, please allow 5 to 10 business days.
For returning clients, from request to funding, please allow at least 2 business days. Advance notice of 3 to 5 business days is recommended.
Passthroughs
For passthroughs, please allow 2 business days for the funds to reach your school’s main account. Passthrough timing varies by location and authorizer. If you need an urgent passthrough, please contact us