Construction Plans - Hero

Business Real Estate & Construction Loans

Local businesses support economic vitality and thriving Vermont communities.

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Flexible financing for business building projects

If you’ve found a prime location, are ready to build, or are moving or expanding, we can help you realize your vision.

Business Real Estate Loans

Are you ready to purchase, refinance, or improve your commercial and/or investment property? Our team will guide you through the process of securing the financing you need to get your project moving.

  • Vermont

    Must be in Vermont

    We currently provide financing to Vermont-based businesses only.

  • Bag With Dollar Sign

    Flexible financing

    You can borrow between 75% and 90% of projected costs, depending on your project type.

  • Calendar

    Flexible terms

    Depending on your project needs, we offer terms from 5 to 15 years.

  • Arrows

    Improve cash flow

    Concerned about cash flow? We can amortize your loan for up to 25 years so you pay less over the term of your loan.

Construction Loans

Whether you have blueprints in hand, or you just need some guidance on where to start, we’re here to help. We finance projects of all sizes for both businesses and non-profits.

Here’s how it works:

  • Number 1


    Your down payment will go into your project prior to any disbursements of additional loan funds.

  • Number 2


    We will disburse funds at the completion of each stage of construction.

  • Number 3


    After the construction loan period is completed we can refinance your loan into a traditional mortgage.

Please keep the following requirements in mind:

  • Wrench


    A contractor must provide contract, blueprints, copies of permits, description of materials & insurance proof.

  • Earth


    Sewage systems must be designed by a professional engineer registered with the State of Vermont.

  • House


    Up to six physical inspections will be made during the construction phase by a qualified appraiser.

What you'll need to apply:

  • A completed, signed, and dated Business Loan Application
  • Current signed Personal Financial Statement for each principal, owner, or guarantor on the loan
  • Business tax returns (all schedules) and/or financial statements for the last 3 years
  • Personal tax returns (all schedules) for each principal, owner, or guarantor of the loan for the last 3 years
  • Current business financial statement (balance sheet and income statement)
  • High-level proposed budget for construction project
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