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(801) 627-1333

Construction

Have you outgrown your current physical business space and want to expand? InterMountain Business Lending is here to help secure your land and construct your building!

 

  • Terms – 10, 20, 25 years
  • Loan Amounts – $25,000 up to $5.5 million for the SBA portion
  • Down Payment – Minimum 10%
  • Interest Rate – A fixed rate, typically below market, for the duration of the loan

Typical 504 Breakdown

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The Lending Institution

Funds 50% of the total project costs

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InterMountain Business Lending

Funds 40% of the total project costs

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Small Business Owners

Make a 10% down payment on the project

In some circumstances, small businesses maybe be required to contribute up to 20 percent of the total project costs, which are:

  • New businesses
  • Special purpose properties

We will collaborate with your current lending institution in order to include SBA 504 in your financing strategy. Our SBA 504 lenders can assist you in locating a lender that is knowledgeable about the SBA 504 loan program if you would like.

Ensure your business has the right gear for growth! Contact a Loan Officer

Ready To Get Started?

Click Here To Apply Now