The typical turnaround time for loan applications is 2 to 4 weeks. The turnaround time takes this long because You may not be familiar with the documents required and the application process. You may have more back-and-forth communication with the banker to get the financing application right. If you managed to secure approval after the loan application review, you’ll have to wait for about another 1 week for funds to be disbursed. So from application to receiving funds, expect a turnaround time of between 3 to 5 weeks.