Details | Builders CAPlines


Funder

 

U.S. Small Business Administration

Implementer

 

Various Banks

Description

 

The Builders Line Program provides financing to small contractors and developers for the construction or rehabilitation of residential or commercial properties. Up to 20 percent of the loan can be used to acquire the land, while only 5 percent can be used for physical improvements that enhance the property. Although the loan term is usually 3 years, it can be extended up to five years if necessary to facilitate the sale of the property.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

United States

Applicant type

 

For Profit

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

City  |  Commercial  |  County  |  Data Center  |  Education  |  Health Care  |  Hospitatlity  |  Industrial  |  Multi Family  |  Retail  |  Single Family  |  Special Districts  |  State

Sustainability

 

Electric Vehicle Charging Infrastructure  |  Electric Vehicles  |  Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Small business

 

True

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

5

Interest rate comment

 

Prime rate + maximum spread 0 more than 2.25%

Incentive