Example with GCL: compile individual function to C, compile it with C to a .o (for example on my 32bit ARM it is a elf32-littlearm file) file and then load it:
>(defun foo (a) (* a 42))
FOO
>(compile 'foo)
Compiling /tmp/gazonk_24158_0.lsp.
End of Pass 1.
End of Pass 2.
OPTIMIZE levels: Safety=0 (No runtime error checking), Space=0, Speed=3
Finished compiling /tmp/gazonk_24158_0.lsp.
Loading /tmp/gazonk_24158_0.o
start address -T 0x888488 Finished loading /tmp/gazonk_24158_0.o
#<compiled-function FOO>
NIL
NIL
