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Commercial Mortgage Loans

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Corning Credit Union provides businesses with loans for new construction, purchase, remodeling, expansion, or refinancing.

Commercial Mortgage Loan:

  • Financing for purchases, refinances, or refurbishing owner-occupied property.
  • Financing for non-owner-occupied and investment property.
  • No prepayment penalties
  • Financing up to 80% of real estate value

Construction Loan:

  • Construction loan converts to a traditional mortgage.
  • Funds can be used to purchase land or to pay off existing liens on the land.
  • Funds can be used to cover the cost of construction.
  • Restrictions: available only in certain areas.

At a minimum, the following documents are needed to apply for a loan:

  • Business loan application
  • Personal financial statement for all owners/guarantors
  • 3 years of Federal Income Tax Returns for all owners/guarantors
  • 3 years of Federal Income Tax Returns for the business
  • Additional information, as requested

To view additional business loan options, click here.

Please Note: To apply and receive a loan for your business through Corning Credit Union, you must be a CCU business member. Not a business member yet? Here is what you need to get started.

Loan approval is subject to lending guidelines and credit qualifications.