Employee Retention Credit refunds have a turnaround time ranging from 9-12 months, but by taking out a loan on your expected tax credit — typically with interest rates ranging from 10% to 30% — funds can be deposited in 2-4 weeks. This can be especially useful if you are needing to quickly shore up capital during trying times. Additionally, an ERTC loan can potentially have a higher likelihood of approval than other types of business loans due to the fact that your business prequalifies for a government reward.