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Commercial Bank Loan - What makes it take so long?

Posted on 3/3/26 at 9:00 am
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3404 posts
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Posted on 3/3/26 at 9:00 am
For those in the industry, why do commercial bank loans take a few months from application to funding? Basically sent all required documents and data they needed the day after our meeting.

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Posted by bamaswallows
Baton Rouge
Member since Dec 2007
1221 posts
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Posted on 3/4/26 at 7:37 am to jmorr34
Underwriting, review, approval, appraisal, environmental reports, loan doc drafting, legal, etc. Some in house, some 3rd party - multiple people and departments involved
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Posted by BottomlandBrew
Member since Aug 2010
29595 posts
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Posted on 3/4/26 at 7:52 am to jmorr34
quote:
why do commercial bank loans take a few months


A phase 1 and appraisal have been my only hangups, and that hasn't been months. Maybe a week or two. Are you using a large, national bank,or a local/regional bank?
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Posted by PCBourbon
Louisiana
Member since Jul 2022
48 posts
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Posted on 3/4/26 at 8:19 am to BottomlandBrew
It really depends on if real estate is involved ? If it is and it requires a commercial appraisal then that can take 3-4 weeks to complete. If the bank/lender was not 100% sure on the approval then we typically will not order the appraisal until after we had the approval.
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Posted by Decisions
Member since Mar 2015
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Posted on 3/4/26 at 11:08 am to jmorr34
You’ll get a far quicker turnaround time at a local bank.
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Posted by jfw3535
South of Bunkie
Member since Mar 2008
5511 posts
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Posted on 3/4/26 at 12:35 pm to bamaswallows
The size and complexity of the loan play a part too. Are they using laser pro docs or getting outside counsel to draft custom docs? All of this can greatly affect the time it takes.
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Posted by schexyoung
Deaf Valley
Member since May 2008
6710 posts
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Posted on 3/4/26 at 6:24 pm to jmorr34
Find a community bank and your commercial loan app will be material to their producers and underwriters.
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Posted by SmackoverHawg
Member since Oct 2011
31139 posts
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Posted on 3/4/26 at 6:56 pm to Decisions
quote:
You’ll get a far quicker turnaround time at a local bank.

Yep.
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Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3932 posts
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Posted on 3/4/26 at 8:06 pm to Decisions
quote:
You’ll get a far quicker turnaround time at a local bank.


This. And keep your money invested in the community instead of an urban wasteland several states away.
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