Construction Loans from Your Local Bank
| Posted in News
Construction Loans for Your Business and How They Work
At National Exchange Bank & Trust, we frequently receive requests from various industries looking for construction loans. As your independent, local Wisconsin bank, our construction lenders understand and can accommodate various loans sizes across many of Wisconsin’s largest industries. Whether our customers are manufacturers, realtors or construction companies in need of additional space, we offer a wide range of commercial lending solutions tailored to their business. As one of our long-time lenders, Dan Hintze, puts it, “The best thing about Wisconsin construction lending is that every business is different, everyone is different, and every need is different.”
Construction Loans from NEBAT
Like many other business loans, the lending process for commercial construction starts with an application inquiry. From there, our team of professional lenders will want to sit down with the business owner or property developer to have a traditional, face-to-face conversation about expectations and the financial needs.
To help ease the prep work for submitting your commercial lending request and meeting to discuss a construction loan, you should have the following handy:
- At least 2-3 years of past financial information for the company.
- The types of services your company offers.
- How much the business is projected to earn with this new addition.
After this initial meeting, most of the remaining communication that customers have will be directly with their personal lender via email or phone call. Don’t be surprised if you get a follow-up call from your lender because, as Hintze would say, “We may be old school, but we like to pick up the phone and talk to our customers!”
Your Trusted Lending Partner
With nearly 100 years of deep-rooted experience lending to the construction industry, National Exchange Bank & Trust has built many strong relationships with vital businesses and properties throughout Wisconsin. When you’re ready to expand your business with a bank in Wisconsin that does construction loans, please get in touch with our team of commercial lenders. We look forward to working with you!