You’ve got the vision. We’ve got the capital.

Build What Matters. We’ll Help You Fund It.

Craft3 funds construction for growing businesses and vital nonprofits.

Whether you’re expanding a business or creating community space, Craft3 offers construction loans designed to carry your vision forward.

Lilac Learning Center Team
who we work with

Nonprofits & Businesses in Oregon & Washington

  • Established and growing businesses and nonprofits
  • Entrepreneurs looking to seize business growth opportunities
  • Nonprofit and entrepreneurs serving or representing underserved communities
  • Entrepreneurs with the skills and temperament to succeed

Our Loans Can Help You

  • Build or customize your perfect space
  • Grow your business
  • Meet the needs and timescale of your specific project
  • Expands what’s possible for your organization

Features

  • Lower cash down requirements and high loan-to-value financing available
  • Specialized terms to match your needs
  • Lower owner-occupancy requirements
  • Flexible projections-based debt financing
* Businesses owned by entrepreneurs of color may qualify for lower rates and special terms

Rates & Terms

Loan Size
Up to $4,000,000
Rates
Fixed rates from 7.00% to 10.50%*
Fees
Loan origination fee of 2% of loan total plus closing costs

Fees for nonprofits are 1% plus closing costs
Closing Costs
$650 plus any third-party fees for appraisal, legal, etc
Term
Typically 6 to 12 months for construction, with permanent financing terms of 5 to 7 years with longer amortizations
Repayment Terms
Interest-only payments during construction, converting to normal principal and interest payments afterwards

Financing With Craft3

Craft3 supports entrepreneurs at every step of the loan application process. Note that obtaining a business loan is a more involved and lengthier process than taking out a home mortgage.

Loans up to $250,000 can be funded as fast as 30 days. Larger loans typically take longer.

1
Contact

When you’re ready to apply, complete this online form to help us learn about you and your business. If it looks like a potential fit, a Craft3 lender will reach out to talk with you about your business plan, uses of funds and collateral.

2
Apply

A Craft3 lender will invite you to apply and help you complete your loan application package. We will review your application and give your request the careful attention it deserves.

NOTE: Review usually takes 1-2 weeks, although it can be shorter or longer depending on the size and complexity of the request.

3
Decide

If we think we can help you with your request, we will notify you and outline the terms of the loan and the items, if any, we need for underwriting a final loan decision. After that we quickly move to closing and disbursement.

Flexible Underwriting

We consider your whole story, not just your credit score.

Local Support

Work with a real person who understands your community.

Business Guidance

We connect you with tools and resources, not just a loan.

Mission-Driven

Every loan helps grow a more inclusive economy.

Customer Testimonial

"Working with Craft3 and BuildUp Oregon has significantly enhanced CAIRO's capacity to serve the African immigrant and refugee community. This collaboration has enabled us to further our mission of empowering families by providing safe, culturally responsive spaces for learning and growth."

Abdisalan M.
Center for African Immigrants and Refugee Organization (CAIRO)

Ready to take the next step?

Looking for more Information?

Business Resources

We support entrepreneurs of all stages of the business journey and offer resources to help you learn, grow, and better understand your financing options.

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For Businesses

Construction Loans

Craft3 construction loans can empower you to take advantage of opportunities to customize a space or undertake a building project.

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For Businesses

The Definitive Guide to Getting Loan Ready

We want to make the loan process as clear and transparent as possible. Here are some resources to support business preparation and growth.

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For Businesses

Glossary of Finance and Business Terms

If you’re interested in starting or expanding a business, you’ll likely encounter lots of terms and acronyms. This glossary will hopefully help you make sense of unfamiliar words and equip you for your business journey.