[Lender Of Gold]

Response time is inversely proportional to the size and quality of the deal - or at least should be.

This 10x. Also factoring into it are:

- relationship with the lender in regards to consistent volume/approval-to-funding ratio (better broker shops in these categories rightfully get placed on top of the heap more often)

- outstanding balances, in which the process of getting a payoff letter causes a delay

- industry type. Business such as contractors/travel agencies where the merchant's business isn't tied down as heavily to their physical location usually result in site inspections which take a couple of days. Also more paperwork tends to be required with low deposit/high ticket businesses (P+L/balance sheet and other tax records dating back a couple years, more bank statements required after contract, invoices, purchase orders, proof of collateral if required, etc)