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Same-day funding
Also called same day funding, fund today.
Money wired to the business on the day the contract is signed, available on a narrow set of products and gated by cut-off times, clean stips and a clear UCC search rather than by underwriting speed alone.
Drafted with AI assistance. Not yet independently checked. Nobody has verified the claims on this page against a source, so treat the figures and legal points as a starting point rather than as settled, and confirm anything you are about to act on. How we check things.
What it means
Mechanically it requires several things to already be done: bank statements read, bank verification completed, entity and ownership confirmed, a UCC search that shows no undisclosed positions, a signed agreement returned before the funder's wire cut-off, and a receiving bank that posts wires the same day. Miss the cut-off by an hour and "same day" becomes next business day regardless of how fast the decision was.
It is a feature of the fastest, most expensive end of the market — merchant cash advance and short-term working capital. Bank lines, SBA loans and equipment paper do not fund this way and nobody claims they do. Funding speed and cost of capital are correlated for a structural reason: less time to verify means more risk priced in.
Funding by ACH rather than wire is cheaper but slower, typically settling the next business day. The wire fee is what buys the same-day settlement.
Where this one catches people
"Same-day funding" is used interchangeably with "same-day approval" in sales conversation, and they are not the same thing. The larger issue is the artificial deadline: an offer that expires at 5pm today is a commission timetable, not an underwriting constraint. Nothing about a business's risk profile changes overnight. Pressure to sign before you can read the contract is the point of the pressure.
Where you will meet this term
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Same-day funding — common questions
What does same-day funding mean?
Money wired to the business on the day the contract is signed, available on a narrow set of products and gated by cut-off times, clean stips and a clear UCC search rather than by underwriting speed alone.
Where does same-day funding catch people out?
"Same-day funding" is used interchangeably with "same-day approval" in sales conversation, and they are not the same thing. The larger issue is the artificial deadline: an offer that expires at 5pm today is a commission timetable, not an underwriting constraint. Nothing about a business's risk profile changes overnight. Pressure to sign before you can read the contract is the point of the pressure.
Is same-day funding the same as an interest rate?
Same-day funding is defined above; if you are comparing it against a rate, check whether the two measures share a time dimension before you put them side by side.
Which products does same-day funding apply to?
Merchant Cash Advance, Working Capital.
Is there a worked example of same-day funding?
Not on this entry. Where a term is arithmetic, the arithmetic is shown; this one is not primarily a calculation.
What else should I read alongside same-day funding?
Stips, Submission, UCC search, Verification of deposit, Wire fee.
Has this definition been checked?
Not yet. This entry is drafted and live, and the notice at the top says so. Confirm anything you are about to act on.
Is this legal advice?
No. It is a definition. What a clause does in your contract, in your state, is a question for a lawyer licensed where you are.
Can I suggest a term?
Yes — [email protected]. The glossary grows from what people are actually shown in contracts.