search result
No results founded!
Small Business Construction Financing
Break ground and build your business with a fast, affordable business loan
Apply nowConstruction Financing Features
Work with a Lender that Helps You Stay on Schedule and in Budget
Time for a new location? As your small business continues to grow, make room to grow with it. Whether you’re adding a new location, or just looking for a bigger place to operate, partner with a lender who will custom fit the loan to meet your needs.
We understand that it’s hard to find funding for ground-up construction. Between zoning requirements, appraisals, and environmental red tape, many lenders are hesitant to take on construction loans. This is especially true when it comes to ground-up construction of specialized buildings like car washes, hotels and gas stations.
At Celtic Bank, you’ll work with our in-house construction department who will be there from start to finish. You can rely on our construction financing experience to avoid delays and surprises. We help make sure your construction project is done right: on schedule and in budget.
Our SBA Construction and USDA B&I loans are perfect for those looking to start construction on a new location. With flexible payment terms and affordable interest rates, we structure each loan with your business in mind. Plus, each loan is approved in-house, which means less waiting and a faster start to your build.
- Up to 90% loan-to-value
- Up to $5M in funding ($10M with USDA)
- Terms of up to 25 years
- No balloon payments
- No upfront fees—appraisals won’t be ordered until loan is approved
- No prepayment penalty after three years
USES OF SBA CONSTRUCTION FINANCING
Custom-Built Financing for Your Commercial Construction Project
We build our commercial construction financing to custom-fit your project scope and needs. It isn’t uncommon for us to finance construction projects with a blend of SBA, USDA and conventional funds. Our constructions loans are also popularly used as high-leverage bridge loans. Some of the most common uses for our construction loans include:
Purchasing or leasing new equipment
Purchasing or renovating a commercial real estate property
Hiring workers for construction projects
Meeting payroll or covering other day to day operating expenses
Placing a bid on a large project
Starting a new construction business or expanding an existing one
ELIGIBLE BUILDINGS FOR CONSTRUCTION FINANCING
If It Is a Specialized Building or Facility—We Specialize in Funding it
Many lenders are only comfortable financing the construction of general and mixed-use buildings. While we finance those too, unlike other lenders, our niche is construction financing of special use commercial properties like assisted living facilities, restaurants, and self-storage facilities.
Celtic Bank has financed the construction and renovation of specialized and general purpose commercial real estate across dozens of industries.
Below are just some types of buildings that Celtic Bank has financed.
Car Wash Financing
Expand your wash, upgrade equipment, solve off-season cash flow issues & more.
Testimonials
Don't Just Take Our Word For It
