How Fast Is the Funding
Approval Process?

The Timeline in Plain Language

Bankable's funding process for E-2 visa holders operates on a three-day timeline from first click to funded account. Here is exactly what happens and when:

Day 1: Application

The online application takes approximately 12 minutes to complete. You enter your business information (name, address, industry, date founded), provide your SSN and EIN, and either upload your last 3 months of business bank statements or connect your bank account digitally via Plaid for automated verification. You submit and receive an immediate confirmation.

If your application is submitted before 3:00 PM Eastern on a business day, the 48-hour clock begins that same day. Applications submitted after 3:00 PM Eastern begin review the following business day.

Day 2: Underwriting Decision

Our underwriting team reviews your application, verifies your revenue data, and issues a funding decision within 48 hours. The decision is one of three outcomes:

• Approved: You receive a term sheet outlining your tranche amount, revenue share percentage, and deployment schedule.
• Approved with conditions: You are approved subject to providing one or two additional documents (e.g., 12 months of statements instead of 3 for a larger amount).
• Not approved at this time: We provide the specific reason and, where possible, guidance on what would change the outcome (e.g., 90 more days of revenue history, a higher monthly average).

You receive the decision directly via email and phone call from your assigned funding advisor.

Day 3-5: Funding

Upon signing your funding agreement, your first tranche is wired to your business bank account. Wire transfers for amounts under $250,000 typically settle same-day. Larger amounts may take one additional business day to clear.

From application submission to funds in your account: 3-5 business days in most cases. This is the fastest institutional funding timeline available to E-2 business owners in the US market.

Why Speed Matters for E-2 Investors

E-2 visa businesses operate in a world of real-time competitive pressure. A restaurant group needs to execute on a lease before another operator takes it. A trucking company needs to add capacity ahead of a contract start date. A franchise buyer needs to close escrow within a defined window or lose the unit. These are not hypothetical scenarios — they are the actual situations our clients face when they call us.

The SBA's 90-180 day process was never compatible with real-world business timing, and that is before accounting for the March 2026 ban that made it irrelevant for E-2 holders entirely. Traditional bank loans at 30-90 days are faster but still miss the window in most time-sensitive situations — and most banks decline E-2 applicants before the process even begins.

Bankable's 48-hour decision was designed by people who have operated businesses and know what it means to miss a window. We built the process we wished had existed when we needed capital quickly.

Factors That Can Accelerate or Delay Your Decision

Accelerates approval:

• Connecting your bank account digitally (Plaid) instead of uploading PDF statements
• Providing 6-12 months of statements rather than just 3
• Supplying merchant processor data alongside bank statements
• Responding promptly to any information requests from your advisor

Can cause delay:

• Scanned paper statements instead of PDF-native downloads (OCR processing takes longer)
• Statements from multiple disconnected accounts that need manual reconciliation
• Missing pages in statement PDFs (common with downloaded files that cut off mid-month)
• Unresponsive communication during underwriting (we may need to clarify a transaction or confirm a detail)

Comparing the Alternatives

Repeat Funding Is Even Faster

Once you have completed your first funding cycle with Bankable, repeat applications for additional tranches are processed faster. Your business profile, revenue history, and repayment performance are already in our system. Second and subsequent tranche approvals for qualified clients often issue within 24 hours of request, with same-day or next-day wire capability.

This is one of the practical advantages of Bankable's tranche model over traditional term loans. You build a capital relationship that becomes faster and more flexible over time, rather than starting the application process from scratch each time you need additional funding.