SBA LOANS

Construction Financing

Community Bank offers construction financing for building improvements or leasehold improvements.

Community Bank will need the following items to begin the loan application process:

• > Business tax returns for the last 3 years
• > Interim financial statement dated within the last 60 days
• > If borrower has ownership in affiliate businesses, we will need copies of the last 3 years tax returns and financial statements
• > Personal Financial Statement and the last 3 years tax returns from all individuals with 20% or more business ownership
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• > Copy of Construction Cost Breakdown
• > General Contractor/Builder’s Information and Reference Form
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• > Copy of Contractor/Builder License
• > Proof of Builder’s General Liability Insurance ($500,000 Coverage)
• > Resume to include 3 projects completed within the last 3 years
• > Completed loan application documents
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