Timeline for Line of Credit & Term Loans

Loan Timeline

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

Factoring Timeline

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

Talk to us about getting your school funded

Contact Us