Your 24–48 hour funding checklist

The fastest funding is rarely about luck. It is about having your file ready before you apply. When underwriters get everything they need on day one, there is no back-and-forth, and qualified businesses can be funded in as little as 24–48 hours.

Use this checklist to get ready.

1. Business basics

• Legal business name and any DBA
• Business address and phone number
• EIN (Employer Identification Number)
• Business start date, so underwriters can confirm time in business
• Industry and a one-line description of what you do

2. Owner information

• Full name, home address and date of birth for each owner with 20%+ ownership
• Ownership percentage for each owner
• A valid government-issued photo ID
• A voided check from the business bank account
• A debt schedule of any open advances or loans (lender, amount, date, remaining balance)
• Ownership percentage for each owner, plus co-borrower details if anyone else is on the file
• Answers on bankruptcy and tax liens, if applicable

3. Bank statements

This is the single most important item for most products.

• Your last 6 months of business bank statements (complete PDFs, every page)
• The current month-to-date activity, if requested
• Statements for every business account that receives deposits

Tip: download statements directly from your bank as PDFs. Screenshots and edited files slow things down.

4. Details about any open positions

If you already have advances or loans:

• The funder’s name for each position
• The current balance
• The payment amount and frequency (daily, weekly or monthly)

Have several open positions? Ask about Consolidation of Positions. Falcon clients save 30%–50% on average on daily or weekly payments.

5. Product-specific documents

Depending on what you apply for, you may also need:

• Collateral & Asset Loans: an equipment quote or invoice, or details about the asset
• Invoice Factoring: an accounts receivable aging report and copies of the invoices
• Business Term Loan: recent business tax returns may be requested for larger amounts

6. Know your numbers

Underwriters will ask, so have these ready:

• Average monthly revenue over the last few months
• How much you need and what it’s for
• A rough idea of the payment you can comfortably support

Not sure what payment fits? Try our loan calculator.

7. Be reachable

Speed depends on quick answers. After you apply:

• Keep your phone nearby and check your email, including spam
• Respond to document requests the same day
• Review and sign your agreement promptly once you approve an offer

Common things that slow funding down

• Missing pages in bank statements
• Mismatched business names across documents
• Undisclosed open positions
• Waiting days to respond to a request

Avoid these and you give yourself the best chance at a fast decision.

Ready to move?

You have the list. Now take the first step: start your application, or call a Falcon specialist at +1 (917) 245-5277 if you have questions about your file.

This article is for general information only and is not financial, legal or tax advice. Funding timelines are estimates and depend on underwriting and how quickly documents are provided. All funding is subject to approval. Approval is not guaranteed.

Frequently asked questions

How fast can I get funded?

Qualified businesses can be funded in as little as 24–48 hours after approval when the file is complete on day one. Timing depends on underwriting and how quickly documents are provided. Approval is not guaranteed.

What documents do underwriters ask for first?

Business basics, owner identification, six months of complete bank-statement PDFs, a debt schedule of open positions, and product-specific items such as an equipment quote or an invoice aging report.

Do I have to list existing advances?

Yes. Undisclosed open positions are a common delay. If you have several daily or weekly payments, ask about Consolidation of Positions. Falcon clients save 30%–50% on average on those payments.

What usually slows a file down?

Missing statement pages, mismatched business names across documents, undisclosed open positions, and waiting days to answer a request.