Approval timelines
How long does business loan approval take?
Realistic business loan approval and closing timelines: what happens at each stage and why Westford typically closes facilities under USD 10M in less than 14 days.
Timelines vary more with documents than with lenders. For facilities under USD 10 million where the borrower provides a complete pack, Westford Capital Group typically closes in less than 14 days from application.
Here is what happens in that window — and what slows it down.
Typical stages (under USD 10M)
- Day 0–2: application, pre-qualification and document request
- Day 2–6: credit review, KYC/AML and sanctions screening
- Day 5–9: indicative term sheet issued
- Day 8–13: facility agreement, conditions precedent, first drawdown
What slows approval down
- Missing or unaudited financials without management accounts
- Unclear ownership structure for KYC
- Collateral valuations or third-party consents
- Changes to the requested amount or structure mid-process
Larger and project facilities
Facilities above USD 10M and project finance follow a diligence timetable agreed at mandate — typically weeks to a few months depending on technical and legal reviews.
Next steps: check the eligibility checker, review indicative rates, run the calculator or apply. Prefer to talk? Call +1 (302) 579-5439 or book a deal officer.
Indicative information only; not an offer of credit. All facilities are subject to credit approval, KYC and documentation.
People also ask
How long does business loan approval take at Westford?
For facilities under USD 10 million with complete documents, Westford typically closes in less than 14 days. Larger or project-level facilities follow a diligence timetable agreed up front.
What is the fastest way to get approved?
Submit two years of financials, recent bank statements, a debt schedule and ID/ownership documents with your application, and keep the requested structure stable.
Is an indicative term sheet a guarantee of funding?
No. A term sheet sets out proposed terms; funding is subject to final credit approval, documentation and conditions precedent.
Do you charge to apply?
There is no charge to submit an application. Any fees are set out in writing in your term sheet and facility agreement before you commit. Only pay into bank details confirmed in your signed agreement — never by gift card, crypto or to a personal account.
USD 1M+ facilities
Senior desk hours — Asheville & Dubai
Asheville, NC desk (HQ)
Mon–Fri 8 AM–5 PM local
Dubai desk · Business Bay – Bay Square
Mon–Fri 8 AM–5 PM local
Call +1 (302) 579-5439 or WhatsApp, or hold a 45-minute deal-officer slot below.
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