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Hana Small Business Lending, Inc. offers a variety of commercial construction loans with flexible terms and competitive rates. HSBL offers loans for the purchase of real estate and construction as well as financing for equipment, inventory, and working capital. We structure loans with an interim interest period up to 12 months so that interest is only charged during the construction phase. Once the construction is complete, the loan automatically converts to a permanent mortgage with terms up to 25 years. HSBL can finance up to 90% of the total project costs.
Loans from $150,000-$10,000,000
Long repayment terms, amortized up to 25 years
Down payments as little as 10% of total project costs of existing business and as little as 20% of total project costs of start-up financing
Interim interest, construction contingencies and the construction monitoring fee are included in total project costs
Use of Proceeds
Funds may be used to cover both construction costs and certain soft costs associated with a project
Funds may be used to cover the cost of land acquisition, building construction or improvements, fees for professional services, appraisals, title work, searches, surveys, and/or SBA guarantees
Properties
Assisted Living Centers
C-Stores/Gas Stations
Churches
Day Care/Pre-school
Hotels/Motels
Light Industrial
Mixed-use properties
Offices
Owner-occupied commercial real estate
Restaurants
Retail shopping malls
Separate Retail
Temples
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