GROUND-UP CONSTRUCTION & MAJOR RENOVATIONS

Business owner and financial advisor

Your blueprint for success

 

A commercial construction loan gives you the financial foundation for new construction, expansion or renovation of your business site. The Bancorp construction lending specialists will collaborate with your general contractor and your SBA disbursement agent until your project is completed.


The SBA 7(a) and SBA 504 loan programs offer flexible funding solutions:
  • Purchase and develop land for a new commercial property
  • Expand and refit an existing building
  • 7(a) loans up to $5 million
  • 504 loans up to and over $10 million
  • Down payment as low as 10%
  • Fixed and variable interest rate options
Financing stipulated for owner-occupied properties only:
  • 60% or more occupancy of new space
  • 51% occupancy of renovated facility
  • Detailed construction plans must be SBA- and lender-approved as part of the loan process.

EXPLORE LOAN USES

 

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