A commercial construction loan gives you the financial foundation for new construction, expansion or renovation of your business site.
The SBA 7(a) and SBA 504 loan programs can be used for the purchase and development of land for a new commercial property, or to expand and refit an existing building. The Bancorp construction lending specialists will collaborate with your general contractor and your SBA disbursement agent until your project is complete.
Financing for “owner occupied” properties only – 60% or more occupancy of new space; 51% of renovated facility
7(a) loans up to $5 million and higher in some cases
504 loans up to and over $20 million
Down payment as low at 10%
Detailed construction plans must be SBA- and lender-approved as part of the loan process
Other Loan Uses:
Commercial real estate financing
From special-use facilities to multi-purpose properties to land purchase, we offer commercial real estate financing tailored to your business venture.