The amount of time it will take to get a business consolidation loan can depend on which business financing option the borrower uses.
It typically takes up to 90 days to obtain approval for a traditional business consolidation loan and 60-90 days to get approved for an SBA loan.
However, non-bank financing lenders provide a much quicker timeline. Companies can apply for a business consolidation loan from non-bank lenders and receive their funds within a day if they provide all the required documentation.
