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General
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 Processing time lines are increasing drastically for commercial and business loans.
Most receivers of TARP money have been unable or unwilling to say exactly where that money has gone, but insist it is being spent in accordance with the spirit of the agreement.
In general, local lenders seem to be the best bet for smaller commercial deals while larger regional and national lenders seem to be babysitting their portfolios.
If you are planning to apply for a commercial loan or a business loan/line of credit we recommend you properly plan for the transaction with as much advance notice as possible.
What was formerly taking 30-45 days is now taking 45-75 days in underwriting, with more stringent document requirements and much lower leverage on average.
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