How long does it take to get funded?
When a completed application is submitted, the Lending Loop credit assessment team will review your application and will aim to have a response within 2 business days. If the business' application is approved, final details will be provided to the applicant for them to agree on.
Once a loan is agreed upon, Lending Loop will list the loan and sell the notes in our Marketplace. Loans can be listed for up to 30 days to be funded by Lenders. Once a loan is fully funded, it typically takes 1 business day for a Borrower to gain access to the funds.
Please note, a loan can complete funding any time during the 30 day period, and historically, some loans have been funded within 24 hours.