How Long Do Deals Take to Close?
Covers realistic deal timelines in commercial lending. Explains why different loan products take different amounts of time and what brokers can do to accelerate closings.
Watch this Commercial Loan Broker Training video on commercial loan brokering. View on YouTube.
What you will learn in this video
- Typical closing timelines by loan product type
- Why SBA, equipment, and commercial real estate deals take different times
- What brokers can do to accelerate the closing process
Frequently asked questions
How long does it take to close a commercial loan?
Timelines vary significantly by product. Simple equipment deals may close in days to weeks, while SBA and commercial real estate transactions can take 30-90+ days depending on complexity.
Can brokers speed up the closing process?
Yes. Submitting complete, well-packaged applications with all required documents upfront can significantly reduce turnaround time. This video covers specific strategies.