CONSTRUCTION FINANCING

Construction projects can range from small needs to larger requests, and it is often difficult for borrowers to know which direction to take because there are so many factors to take into consideration. Luckily, our experienced staff are available to guide you through the process and ensure that you make fully informed borrowing decisions that will best fit your needs.

Key Elements

SBA 7A and SBA 504 loans are the most popular loan types for construction projects. Please click here to learn more about these loans
Down payment can be as low as 10% down for eligible borrowers
Soft costs already spent on the project and land equity can often be applied towards the down payment
Funds can be used for a variety of needs for the project such as – purchasing land and equipment, purchasing material for the build, labor expenses, interest reserves during the build, operating expenses and soft costs, etc.
During the construction, the payments will be for interest only, with the principle payments delayed until completion.

The Process

We start the process by gathering documents pertinent to the project, such as a feasibility study, budget proposal, and business plan.
The documents are reviewed to make sure the project costs line up with the lending needs and future loan payment ability
Upon satisfactory review, we will work directly with banks to help you secure terms and find the ideal fit for you.
We will be by your side until the end of the process until the loan is approved and you have secured funds to start your project.

How We Support You

From initial consultation to finalizing your loan, our experienced team guide you every step of the way. We provide clear updates, address your questions, and work closely with lenders to expedite the process, so you can focus on planning your project.