Yonkers, NY

Commercial Construction Loans in Yonkers, NY

Submit a project summary with budget, timeline, contractor information, and your equity contribution, then we present your construction scenario to lenders in our network who specialize in commercial real estate and typically respond with preliminary terms within three to five business days Our Yonkers team also helps with construction companies that finance, construction project loan, best commercial construction loan lenders, small business loans for construction company, ag construction loans.

Commercial Construction Loans in Yonkers

Commercial Construction Loans provide Yonkers developers and business owners with the capital to build new facilities, complete major renovations, or undertake ground-up projects in the city's diverse commercial and industrial real estate inventory. Foxglove Business Capital connects you with lenders who structure draw schedules, understand local permitting timelines, and evaluate project feasibility alongside your financials. One local conversation gives you a same-day read and offers compared across more than 20 lenders.

$50K–$5MTypical amount
2–8 weeksFunding speed
20+Lenders compared
$0Application fee
Commercial Construction Loans for Yonkers, NY businessesFoxglove Business Capital logo

Real Yonkers-area businesses, funded.

Programs

Programs that fit commercial construction loans in Yonkers

For this industry we most often arrange SBA loans, commercial loan broker. Amounts and speed depend on the program, generally $50K–$5M with funding in 2–8 weeks.

We size the structure to your revenue and use of funds, so newer businesses and owners with thin credit still have real options here.

Yonkers commercial construction loans business, fundedFoxglove Business Capital logo
Compare

How the programs behind commercial construction loans compare

How common Yonkers programs compare
ProgramTypical amountFunding speedBest for
SBA Loans$50K–$5M2–8 weeksLow-rate, long-term SBA 7(a), Express & 504 financing.
Commercial Loan Broker$50K–$10MvariesBrokerage for larger commercial deals.
SBA 7(a) Loan$50K–$5M3–8 weeksThe flexible SBA workhorse for growth and acquisition.
Who this fits

Is commercial construction loans right for your business?

This likely fits you if

  • You are opening or expanding a location
  • You need to replace or add equipment
  • Seasonal swings strain your cash flow
  • You are newer or have thin credit
  • You want to compare many lenders in one call
  • You need a fast, same-day answer
How it works

How funding works

Funding your business in Yonkers is straightforward with a local broker in your corner and more than 20 lenders behind you.

1

Tell us about your business

A short call or form covers your revenue, time in business, and what the funds are for. No hard credit pull to start.

2

We match the program

We compare more than 20 lenders and structure the offers that genuinely fit how your business earns.

3

Compare real offers

See amounts, rates, and terms side by side, with the true cost of each option spelled out plainly.

4

Close and get funded

Choose the offer you want and we guide you through closing, then the funds land in your account.

Funding Yonkers businesses

A medical office developer near the Central Park Avenue corridor recently used construction financing to complete a two-story build-out with ground-floor retail, pre-leasing space to healthcare tenants before vertical construction began. A Yonkers-based contractor secured a loan to renovate an older industrial building in Ludlow into modern flex space, capitalizing on demand from logistics and light manufacturing tenants.

Financing options

Construction financing options for contractors and developers

A construction loan for commercial property is not one-size-fits-all. Developers building from the ground up need commercial construction financing structured around a full draw schedule, while contractors renovating an existing building may only need a shorter-term construction loan company product. Loans for construction companies and business loans for construction companies also cover equipment and bonding needs separate from any single project, and construction machinery finance lets contractors add excavators, cranes, or paving equipment without tying up project capital.

Small business construction loans and construction small business loans are available for owner-occupied buildings as well as spec developments, and construction financing companies range from banks offering a commercial construction to permanent loan to private lenders who move faster on complex sites. Construction financing for contractors also includes short-term bridge products while permits and pre-leasing are finalized, and construction loans for contractors can be paired with a commercial construction loan for the vertical build itself.

Because commercial construction loan lenders price risk differently based on your experience and the project type, we shop your deal across multiple commercial construction lenders and structure financing whether you're a first-time developer or an established construction company scaling up.

Market context

Business funding in Yonkers, by the numbers

  • Most firms applying for financing seek $100K or less, per the Fed's Small Business Credit Survey. (Federal Reserve)
  • The U.S. is home to more than 33 million small businesses. (SBA Office of Advocacy)

Reviewed July 2026 · figures link to primary sources.

FAQ

Common questions

Straight answers to what Yonkers owners ask most, from a local broker.

Submit a project summary with budget, timeline, contractor information, and your equity contribution, then we present your construction scenario to lenders in our network who specialize in commercial real estate and typically respond with preliminary terms within three to five business days.

Commercial construction loan amounts in Yonkers range from $500,000 for smaller tenant improvement projects to $10 million or more for ground-up multi-tenant buildings, depending on project scope, location, and your equity stake in the deal.

Funding timelines include both approval and draw periods: initial approval and closing typically take four to eight weeks, then funds are released in scheduled draws as construction milestones are completed and inspected over the project duration.

Credit scores above 680 strengthen your application, but lenders focus more on project feasibility, contractor experience, your equity contribution, and pre-lease commitments or market demand studies than on personal credit alone when underwriting construction deals.

Collateral is the real estate itself and the improvements being built, with the lender holding a first-position mortgage. Most construction loans also require a completion guarantee and personal guarantee from the sponsor or developer.

Expect to provide detailed construction budgets with line-item breakdowns, architectural plans and permits, general contractor agreements and bonding, proof of equity funds, personal and business tax returns, and appraisals or market studies supporting project value.

Commercial construction loan rates and commercial construction lending rates float above prime during the build phase and often convert to a fixed rate at permanent financing, so it helps to compare business construction loan rates from several lenders rather than the first quote you receive.

A commercial construction to permanent loan combines the construction draw period and the long-term mortgage into a single closing, saving you a second round of closing costs once the building is complete and stabilized with tenants or occupancy.

Yes, a gas station construction loan and other specialty commercial builds are financeable, though lenders typically require environmental assessments, franchise or brand agreements, and a larger equity contribution than a standard office or retail build-out.

Yes, construction business loans and small business construction loans are available directly to contractors and construction companies for equipment, bonding capacity, and working capital, separate from the project-specific loans used to fund a building itself.

Foxglove Business Capital supports Yonkers businesses with financing for construction projects. Contact us at (914) 515-0750 for a no-fee review - we match you with approved programs and local lenders same day.

Foxglove Business Capital supports Yonkers businesses with commercial construction interest rates. Contact us at (914) 515-0750 for a no-fee review - we match you with approved programs and local lenders same day.

Foxglove Business Capital supports Yonkers businesses with commercial construction loan calculator. Contact us at (914) 515-0750 for a no-fee review - we match you with approved programs and local lenders same day.

Foxglove Business Capital supports Yonkers businesses with construction business financing. Contact us at (914) 515-0750 for a no-fee review - we match you with approved programs and local lenders same day.

Foxglove Business Capital supports Yonkers businesses with best bank for construction business. Contact us at (914) 515-0750 for a no-fee review - we match you with approved programs and local lenders same day.

Ready for your next step toward Yonkers funding?

Apply in minutes or call now for a same-day read, with no application fee and no hard credit pull to see your options.

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