Once you have accepted and signed, releasing the funds is designed to be fast — money is sent to your business account, often the same day, so the finance is there when the need is. The exact timing depends on your bank's processing as much as ours.
What happens on acceptance
Accepting your offer completes the agreement; from there the drawdown to your connected business account follows. What acceptance involves is set out in what happens after you accept your offer. Because the account is already verified through the application, there is little to hold things up.
Same-day is common, but inbound payment timing also depends on your own bank's processing and cut-off times. Payments initiated late in the day may land the next working day.
Keeping it smooth
Making sure the account details are correct and current avoids a bounce — see what if my companys details have recently changed. From then on, everything about the loan lives in your portal, and the overall timeline sits alongside how quickly you get a decision in the first place.
Apply and have funds ready when you need them.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: What happens after you accept your offer?, How quickly will I get a decision?, What if my companys details have recently changed.