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Commercial Construction Loans

As a community bank, we're proud to help shape the future of our local communities through competitive commercial construction loan solutions. By working with developers throughout the region, our commercial construction loan options support properties including office, industrial, retail space and multifamily units. From Cincinnati to Williamsport, we work hard to make sure local businesses have the construction loan options they need in order to expand their efforts. 

  • You may finance an addition to your existing property or a new construction
  • The minimum loan amount is as low as $50,000.
  • There are a variety of term options available.
  • Save money with interest-only payments during the construction period with funds disbursed as needed and not all at once.
  • We’ll consider the existing equity in your property to help you meet equity requirements.
  • We offer structured repayment plans to meet your unique business needs.
  • The value of your finished property may provide an opportunity for additional financing to help your business even more.

What Are Commercial Construction Loans?

The cost of building onto an existing structure or creating a new commercial building can be steep. Choosing a commercial construction loan enables you to get the funds you need to grow your business as you continue to add employees and equipment for your operations. Pay for the construction materials, contractors and land you require for success without financial strain.

How Do Commercial Construction Loans Work?

Construction business loans provide you with funds spread throughout the course of a building project. Instead of receiving funds in one lump sum, we'll advance funds as you reach milestones in your construction draw schedule. For example, you might get a partial loan amount when it's time to excavate land for your new building and then receive another payout for the cost of materials at a later time.

A Simple Application Process

We offer commercial construction loans to customers based in western and central Pennsylvania and Ohio. Together, you and one of our bankers will go over the steps to complete a commercial construction loan application. We'll review the finances and credit score of the individual taking out the loan. The financial standing of your company will also come into play when deciding the terms and interest rate for the commercial construction loan upon approval.

Some of the financial documents we'll ask for during the application process include tax returns, income statements, balance sheets and a current list of debts.

Benefits of Commercial Construction Loans in Pennsylvania and Ohio

Businesses of any size can take advantage of our commercial construction loans. Our financial experts will help you set up an agreement that makes sense for your goals, whether your current workspace has reached maximum capacity or you'd like to serve customers in new markets:

  • Organized building timeline. We disperse funds as parts of your building project are completed.
  • Cover diverse expenses. From materials to labor costs, you can build with few financial limitations.
  • Manageable interest payments. You will only be paying interest on funds as they are released to you.
  • Set draw schedule. You'll know exactly when funds will be issued as your building project continues.

Why Customers Partner With Us for Commercial Construction Loans

Pennsylvania and Ohio business owners work with us for commercial construction loans because we care about the outcome of your project. We enjoy helping those in our community secure the financing needed to stay competitive. Reimagine your current workspace through a renovation or addition or find the perfect location for a new company building. We'll listen to your plans for a building project and set up the best commercial construction loan for your needs.

With our team, you always get the highest level of customer service. You can stop by any of our branch locations in western and central Pennsylvania and Ohio for further assistance.

Ask Us About Commercial Construction Loans Now

Whatever your strategic direction and goals may be, you can be confident we’ll help you find the financing solutions that best meet your company’s needs. Connect with us to get started with a commercial construction loan today.

More Resources for Your Business

Here are additional resources for your business, including stories from our customers. If you have questions, reach out to us at any time to learn more and stay connected with us on LinkedIn.

An Innovative Approach to Benefits Plans – Our Employee Benefits team is relentless on behalf of your business to ensure that your benefits plan is a key part of your strategy. Read the case study of a Mid-Atlantic Dairy Company to see how we partnered to dramatically impact their company.

Manage Payments FraudPositive Pay solutions can help to identify checks that are potentially fraudulent as well as prevent revenue loss.

The Story of Plylers at Your ServiceWatch the video of Plylers at Your Service located in Brookville, Pennsylvania, to see how they've positioned their business for growth.