Construction Loans
You spent months scouting the perfect location for your business. You worked with architects and engineers to get the design just right. Now, you finally have the blueprints in hand for the business facility you've been imagining. With a Construction Loan from Machias Savings Bank, we'll help bring your blueprints to life.
Details
- Can be used for renovating, expansion, making repairs, or to provide new facilities for commercial property
- Competitive interest rates
- Monthly interest-only payments based on outstanding balance
- Advances made directly to contractor
- If request meets requirements, may be used for full cost of project
- When construction is complete, may be converted to permanent financing
Our Business Banking professionals provide personalized service and expert advice, matching your business needs to the right products and services. Contact one of our Business Bankers today to learn more about our customized products, services, and solutions for your business!
Equal Housing Lender.