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How long does a private credit loan take to close?

TerraNova classifies a lender's published close speed as fast (under 30 days), standard (30–60 days) or slow (60 days or more), measured from term sheet to funding. Bridge, ABL and equipment lenders tend to be fastest because they underwrite collateral; sponsor-backed cash-flow loans with intercreditor work take longer. On the current book, 21 active funds publish a sub-30-day close; the fast-close guide lists them.

Figures from the researched book · updated Sep 14, 2026 · refreshed daily · rendered Sep 15, 2026