Same-day business funding. Wired before close.
$5K to $500K in your operating account the same business day you sign. Apply before 2pm ET with 3 months of statements — approvals in under an hour, wire within six.
Beat today's cutoff.
Files signed before 2pm ET fund same day. Start now — you'll see indicative pricing before you commit.
Same-day funding, answered.
How fast is same-day business funding, really?+
Same-day means the wire hits your operating account within the same business day you sign — typically 2–6 hours after countersign. To hit same-day, submit before 2pm ET with clean bank statements and a matched voided check. Files signed after 2pm ET usually fund next business day by 11am.
What products fund same day?+
Merchant cash advance, revenue-based advances, and short-term working-capital loans up to about $500K. Larger tickets, SBA, equipment, and CRE take 3–30 days regardless of speed marketing.
What do I need to qualify for same-day funding?+
6+ months in business, $10K+ average monthly deposits, a business checking account, and no more than one active MCA position (or a consolidation plan). FICO 500+ preferred but not required with strong deposits.
Do same-day lenders charge higher rates?+
Speed is priced. Same-day MCA typically runs 1.25–1.40 factor on 4–9 month terms. Summit routes files to the lowest factor that will fund the size and speed you need — and always shows the APR-equivalent so you can compare.
Does applying hurt my credit?+
No. Summit pre-qualifies on a soft pull. A hard pull only occurs if you accept terms and the funder requires it for final approval.
How is same-day funding different from a payday loan?+
Same-day business funding is business-purpose commercial capital regulated under state commercial-financing disclosure laws (CA SB 1235, NY S5470, etc.). Payday loans are consumer products regulated separately. They share none of the same underwriting, disclosure, or pricing frameworks.