If you are planning to buy a building for your business, this timeline shows what usually happens from prequal to closing and where delays most often occur.
Most deals move faster when borrowers prepare documents early, set realistic deadlines, and keep lender, broker, and attorney communication aligned from day one.
Week 1
Prequalification and lender intake
Week 2-3
Document collection and initial underwriting
Week 3-5
Property review, appraisal, and third-party reports
Week 5-8
Credit approvals, commitment, and closing coordination
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Educational Resource: BuyingABuilding.com is not a lender, mortgage broker, or financial advisor. We provide education and help connect business owners with participating SBA-approved lenders.