Application Review Timeline
Last updated May 10, 2024
Introduction:
Understanding the expected timeline for your Brex application review can help you plan better and anticipate next steps. While timelines may vary based on individual circumstances, here’s an outline of what to expect during the application process.
Steps for Application Review Timeline:
- Initial Submission and Verification (1-2 Days):
- After submitting your application, Brex will verify your business’s basic information, such as legal name and incorporation status.
- This initial verification generally takes 1-2 business days.
- Financial Review and Risk Assessment (2-5 Days):
- Next, the Brex team conducts a financial review by analyzing submitted documentation and your connected bank account.
- They will assess the business’s financial health and determine appropriate credit lines, which usually takes 2-5 business days.
- Further Documentation Requests (1-3 Days):
- If more information is needed, the Brex team will reach out for additional documentation or clarification.
- Responding promptly to these requests will help expedite the review process, which could take 1-3 days based on your response.
- Final Approval and Account Setup (1-2 Days):
- After a comprehensive review, Brex will notify you of your application's outcome.
- If approved, you will receive your Brex account setup instructions within 1-2 days.
- Total Estimated Timeline:
- The entire application review process typically takes between 5-10 business days, depending on the complexity of your business and the completeness of submitted information.
Being responsive and providing accurate documentation from the start can significantly speed up this timeline and ensure a smooth review process.
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