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Commercial Bank Loan - What makes it take so long?
Posted on 3/3/26 at 9:00 am
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.
6
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
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?
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.
Posted on 3/4/26 at 11:08 am to jmorr34
You’ll get a far quicker turnaround time at a local bank.
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.
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.
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.
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.
Posted on 3/5/26 at 9:01 pm to jmorr34
I am commercial banker at a community bank. There are lots of factors but no way should it take more than a week to underwrite the loan if all the information is current. There is sometimes a back and forth with underwriter for information.
If you have a real estate deal you can close within 30 days if the stars align perfectly.
Let me know of you need anything else or have any more questions.
If you have a real estate deal you can close within 30 days if the stars align perfectly.
Let me know of you need anything else or have any more questions.
Posted on 3/8/26 at 9:13 am to jmorr34
quote:
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.
This is a poorly written OP if you want answers specific to your situation. Are you talking $1 billion to build a new office building, $10,000 to buy some landscaping equipment, or $1 million to buy an office for your own business? Vastly different requirements and timelines OP
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