A Clear Path to Capital
At Concord Capital, we believe the lending process should be straightforward — no mystery, no hidden steps, no unnecessary delays. As a direct lender, we control every stage of underwriting and funding, which means faster decisions and a single point of contact from first inquiry to close.
Below, we walk you through every phase of the journey so you know exactly what to expect and when.
How the Process Works
Six clear stages — from first contact to funded loan. Here is what happens at each one.
1. Inquiry Submission
Begin by completing our online inquiry form at concordcapital.com/contact. Provide basic information about yourself or your business, the loan amount you are seeking, and the intended use of funds. This takes approximately 10–15 minutes and carries no obligation.
2. Initial Review & Pre-Qualification
Our lending team reviews your submission within one business day. If your profile aligns with our lending criteria, we will contact you to discuss your financing needs in more detail and outline a preliminary loan structure. There is no hard credit pull at this stage.
3. Documentation & Underwriting
Once you elect to proceed, we issue a documentation checklist tailored to your loan type. Our underwriting team works directly with you — no broker intermediary — to review financial statements, collateral details, and supporting materials. Direct access to our underwriters means faster responses and fewer back-and-forth delays.
4. Term Sheet & Approval
Upon satisfactory review, we issue a formal term sheet outlining loan amount, interest rate, repayment structure, fees, and conditions. After your acceptance, final credit approval is issued. Most borrowers reach approval within 5–10 business days of completed documentation.
5. Closing
Our team coordinates closing logistics, including any required legal documentation and collateral perfection. We work efficiently to keep the closing process brief and to minimize demands on your time.
6. Funding
Once closing documents are executed, funds are disbursed directly to your designated account. As a direct lender, we control our own capital — there are no third-party funding delays. Most loans are funded within 1–2 business days of closing.
Realistic Timelines, No Surprises
Because Concord Capital is the lender — not a broker passing your file to an outside institution — we move at your pace. Below are typical phase durations. Actual timelines depend on documentation completeness and deal complexity.
Inquiry to Pre-Qualification
1 Business Day
Documentation & Underwriting
3–7 Business Days
Approval to Term Sheet
1–2 Business Days
Closing & Funding
1–2 Business Days
Total typical timeline: 7–14 business days from completed inquiry to funded loan — significantly faster than traditional institutional lenders who rely on committee approvals and external capital sources.
Common Questions About the Process
Answers to procedural questions borrowers most often ask before and during their application.
Do I need to submit a formal application to get started?
No. The first step is a brief inquiry form — not a full loan application. It collects enough information for our team to assess fit and reach out for a conversation. A formal application and documentation request only follow if you choose to proceed after that initial call.Will submitting an inquiry affect my credit score?
No. Our initial inquiry and pre-qualification review do not involve a hard credit inquiry. A hard pull, if required for your loan type, only occurs at a later stage and only with your explicit consent.What documents will I need to provide during underwriting?
Documentation requirements vary by loan type and deal size, but typically include recent financial statements (personal and/or business), tax returns for the past two years, a description of collateral where applicable, and information about the intended use of proceeds. Our team provides a tailored checklist once you enter the documentation stage.Can I speak directly with an underwriter during the process?
Yes — and this is one of the key advantages of working with a direct lender. Unlike broker-facilitated processes, our borrowers have direct access to our underwriting team to ask questions, clarify requirements, and provide context for their financial profile.What happens if my documentation is incomplete?
Our team will notify you promptly of any gaps and provide clear guidance on what is needed. Incomplete documentation is the most common cause of timeline delays, so we prioritize clear communication to keep your file moving.Is there a fee to apply or receive a term sheet?
There is no application fee and no fee for receiving a term sheet. Fees associated with origination and closing are disclosed fully in the term sheet before you commit to the loan.
Ready to Begin?
You now understand exactly how Concord Capital's lending process works. The next step is simple: submit a brief inquiry and one of our lending specialists will be in touch within one business day to discuss your financing needs.