Commercial Construction Loans: What They Are and Where to Get One – NerdWallet

A commercial construction loan is a kind of business loan that helps your company cover the costs associated with building or renovating structures. You can use these construction business loans to purchase land, buy materials and pay workers.

A commercial construction loan can help you keep your balance sheet manageable during a build, since lenders often accept interest-only payments for the duration of construction. But costs increase greatly once construction is complete. Make sure you have a plan to handle higher payments, including potentially refinancing the loan.

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