Building your business oftentimes requires you to make an investment in new construction. At United Bank & Trust, we create unique lending scenarios to enable your business to finance its construction needs. Contact us for a consultation on construction financing solutions for your business.
Find out more about what we can do to help build your business with new construction:
SBA 7(a) Loans
An SBA 7(a) loan provides up to 90% funding for small businesses that meet certain requirements.
- Construction monitoring to ensure that your funds are used in a manner consistent with the cost allocations as agreed between you and your general contractor.
- Available with as little as 10% down
- Up to 90% financing on total project costs
- Projects ranging from $500,000 to $5 million
SBA 504 Loans
Small to medium-sized businesses may be able to qualify for mortgage and expansion borrowing needs with an SBA 504 loan solution.
- Up to 90% loan-to-cost financing
- Finance appraisals, title insurance, legal fees and other soft costs
- No down payment for certain projects