Elevate Funding cuts funding offers from 24 hours to 5 minutes with AI automation

Elevate Funding has rolled out an in-house AI and machine learning platform that reduces funding offer times for small businesses from as long as 24 hours to about five minutes. The Gainesville-based revenue lender says the system is meant to speed decisions without sacrificing human underwriting or broker support.

Why it matters: - Small businesses seeking working capital can now get funding offers much faster, which can matter when cash flow needs are urgent. - The automation is designed to speed decisions while keeping human review in place for final underwriting and client conversations. - Faster turnaround can also help broker partners move deals more efficiently.

What happened: - Elevate Funding rolled out a new offer automation platform built in-house. - The Gainesville, Florida-based revenue-based financing provider says the system uses artificial intelligence and machine learning. - The platform is live and has already reduced offer generation time from up to 24 hours to about five minutes. - Elevate Funding announced the rollout on June 30, 2026.

The details: - The company says the platform evaluates opportunities and generates funding offers in a fraction of the time previously required. - Chris Wesley, director of technology at Elevate Funding, led the in-house development. - Wesley said the workflow speeds up offers without removing the personal judgment that shapes the company’s process. - The system is intended to free staff to focus on custom review and human conversations before funding. - Elevate Funding works as a direct funder with independent broker partners. - Ken Peng, director of business development and marketing, said the rollout began at the start of this year and has drawn strong feedback from partners. - Peng said the company chose to build the platform internally over many months instead of hiring a third party. - Peng said the in-house approach was meant to protect brokers, merchants and sensitive data in the funding process. - The company says the rollout supports both merchants and referral partners by reducing turnaround times and improving the sales experience. - More information is available through Taylor Hicks at taylor@elevatefunding.com.

Between the lines: - The launch shows how alternative lenders are using automation to compete on speed while keeping a personalized underwriting model. - Elevate Funding is trying to scale without adding heavy staffing or more process layers. - The company also appears to be using technology investment as a way to balance growth with tighter control over data and operations.

What's next: - Heather Francis, CEO of Elevate Funding, said the next six months will focus on gathering feedback from partners and clients and refining the process. - Francis said the company wants to keep improving service for small business clients and help broker partners win more deals. - Elevate Funding expects the platform to support scalable growth as the company expands its reach. - The company says it continues to fund hundreds of small businesses each month.

The bottom line: - Elevate Funding is betting that faster automation and human oversight can coexist, and that combination may become a key edge as demand for alternative financing stays strong.