Business Construction Loans that Drive Growth
From opening new locations to renovating existing property, our business construction loans give you the financing to get your project off the ground. We prioritize understanding your building needs and take care to learn every aspect of your business to offer you the best loan solutions for your goals. It’s why we’re Montana’s Last Best Bank℠. We’re backed by years of experience and can make fast lending decisions so you can expand without delay.
Why Choose Bank of Bozeman Construction Loans?
Competitive Interest Rates
With competitive rates, financing large construction projects can be more affordable.
Local Expertise
Our extensive knowledge of the Gallatin Valley allows us to make quick lending decisions to keep your building project on schedule.
Tailored Solutions
Offering custom loan solutions is our priority. We take the time to understand your needs and provide support through every step of your project’s development.
Who Qualifies for a Business Construction Loan?
Qualifying for a business construction loan depends on your ability to show solid financials, a good credit score, a thought-out business plan, and your capability to cover repayments. Our business construction loan specialists will guide you through every step so you can get the financing you need to start building.
How to Apply for Construction Loans
To apply for a business construction loan, you’ll need to provide helpful details about your business and finances, such as:
- Business Plan: Explain your business operations, revenue projections, and growth plans.
- Personal and Business Tax Returns: Providing three years worth of information is best.
- Project Details: Show your construction budget, contractor agreements, and a timeline for completion.
Business Construction Loans FAQs
What can I use a business construction loan for?
Business construction loans can be used for many purposes, including: building commercial properties, renovating or expanding facilities, or purchasing land for development.
Can I use business construction loans to refinance an existing building?
Business construction loans are typically designed for new construction or renovation projects. However, in some cases refinancing an existing loan on a building may be an option. Our team of experts is happy to discuss the options available with you.
What type of businesses qualify for construction loans?
Many businesses qualify for construction loans, such as: real estate development, retail businesses, manufacturing businesses, and more. Speak with our experienced loan specialists to see if your business qualifies.
Land Loans
Our land loans provide the financing you need to purchase raw or developed land for your next project.
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Small Business Loans
Starting up your business or encountering unexpected expenses? Our SBA loan programs are designed to assist with your small business needs.
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Equipment Loans
Whether you’re expanding your facilities or upgrading your equipment, our equipment loans can provide resources for financing purchases, refinancing debt, or help to boost your working capital.
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Agricultural Loan
Best suited for farmers and ranchers, we offer agricultural loans designed to help you expand your operation and scale up your production.
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Lines of Credit
Regardless if you’re starting your business from scratch or looking to grow, we can assist you with cash flow and business plans.
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