David Park needed $850,000 to acquire a competitor’s customer list and inventory before they filed for bankruptcy. The deal had to close within 72 hours or the assets would go to auction. His traditional bank needed two weeks for credit committee approval. His backup lender required three days for manual underwriting.
David almost lost the acquisition until he discovered a lender using AI-powered underwriting that provided preliminary approval in 47 minutes and final approval within 18 hours. The acquisition closed on schedule, and David’s business grew by 40% within six months.
Six months later, David learned that his traditional bank had finally approved his original application. The manual underwriting process that took two weeks to approve a deal that AI systems evaluated in under an hour represents the most significant shift in commercial lending since the introduction of credit scoring in the 1980s.
The Speed Revolution in Commercial Credit
Traditional commercial underwriting relies on manual processes developed for a slower-moving business environment. The modern business environment demands different capabilities. Market opportunities emerge and disappear within days. Competitive advantages require rapid capital deployment.
AI underwriting systems can process the same documentation and analysis that takes human underwriters days or weeks in minutes or hours. Research by the Federal Reserve Bank of Chicago found that automated underwriting systems reduce loan processing time by 70-80% while improving approval rates for qualified borrowers by 15-25%.
Ready to leverage the 72-hour advantage in your next acquisition? CapitalSelector’s AI-powered platform connects you with lenders using advanced underwriting technology that can provide preliminary approvals in hours, not weeks. Access SBA Preferred Lenders, private credit funds with AI capabilities, revenue-based financing with instant decisions, and working capital solutions that adapt to your business performance in real-time.
Visit CapitalSelector.ai to discover your AI underwriting advantage.