Key Takeaways
- Bankable issues funding decisions in 48 hours for DACA business owners — no citizenship-related delays
- From complete application submission to funding in your account: typically 5-7 business days total
- No SBA waiting period (30-90 days), no bank committee review (weeks) — Bankable moves at business speed
- Complete applications move faster — gathering all documents before applying accelerates approval
- Emergency situations can be expedited — contact Bankable's team directly for urgent funding needs
Speed matters in business. A construction contractor who needs to make payroll this Friday cannot wait 60 days for a bank committee decision. A DACA restaurant owner who just lost a walk-in cooler cannot wait 90 days for an SBA loan to replace it. Bankable is built for business speed — decisions in 48 hours, funding in your account within a week.
The Complete Bankable Timeline
| Stage | Timeline |
|---|---|
| Application submission | 5 minutes online |
| Document upload | 15-30 minutes if documents are ready |
| Document review and verification | Within 24 hours of complete submission |
| Underwriting decision | Within 48 hours of complete application |
| Offer review and acceptance | Your timeline — same day or a few days |
| Funding disbursement | 1-3 business days after acceptance |
| Total: Application to funding | Typically 5-7 business days |
How to Make Your Application Move Fastest
Complete applications move fastest. The most common cause of delays is missing documents. Before you apply, gather:
- Current EAD card (both sides, clear image)
- Social Security number
- 3 months of business bank statements (all pages)
- Voided business check
- Business license or registration
With all of these ready before starting the application, most DACA applicants complete the process in under 30 minutes and receive decisions in 48 hours.
Bankable vs. Other Lenders: Speed Comparison
| Lender | Decision Timeline | DACA Eligible? |
|---|---|---|
| SBA 7(a) — bank lender | 30-90 days | No (post-2026) |
| Traditional bank loan | 2-6 weeks | Rarely |
| CDFI microloan | 2-4 weeks | Some |
| Bankable | 48 hours | Yes |
Frequently Asked Questions
Bankable issues decisions within 48 hours of a complete application. Funding is disbursed 1-3 business days after you accept the offer.
Typically 5-7 business days for a complete application. Applications with missing documents take longer as the review team waits for additional information.
For genuine emergencies, contact Bankable's team directly. We can often expedite review for documented urgent situations such as equipment failure or imminent payroll.
No. DACA applicants go through the same 48-hour review as US citizen applicants. There are no additional citizenship-related verification steps that delay the process.
Missing documents are the most common cause. Incomplete bank statements, blurry document images, or bank statement inconsistencies requiring explanation can extend the timeline.
Yes. Bankable provides application status updates through the online portal and by phone. Your account team contacts you if additional information is needed.
SBA loan decisions take 30-90 days under ideal circumstances. Bankable's 48-hour decision is 15-45 times faster. For time-sensitive business needs, there is no comparison.
Yes. Applications submitted Monday with complete documents typically receive decisions by Wednesday and can receive funding by end of week.
Bankable initiates an ACH transfer to your business bank account. Funds typically arrive 1-3 business days after acceptance, depending on your bank's processing time.
Bankable's Bankability Score check at bankablefunds.com/bankability-score provides an initial indication of your funding eligibility before you submit a full application. This step typically takes 5 minutes.