Steel Building Financing: How to Pay for Your Metal Building
Steel Building Financing: How to Pay for Your Metal Building
Buying a steel building is a major investment, and most customers want to understand their financing options before they get serious about ordering. Whether you are buying a residential garage, a barndominium, an agricultural building, or a full commercial facility, the right financing plan can make the project a lot easier to move forward on.
Mason Steel works with customers across the country who use a wide range of payment and financing options. This guide walks you through what is most common and what to know before you start.
Common Ways to Pay for a Steel Building
Most customers use one of the following options to pay for a metal building project:- Cash and personal savings
- Home equity loans or HELOCs
- Construction loans for new builds and barndominiums
- Commercial real estate loans for warehouses and shops
- Agricultural loans through farm lenders
- Personal loans for smaller residential projects
- Business lines of credit for commercial operations
The right option depends on the type of building, what it is being used for, and how the property is titled.
Call us today for expert steel construction. Phone: 877-76-STEEL
What Lenders Usually Want to See
- A clear scope and use for the building
- Engineered drawings or specifications
- Property documentation and zoning information
- A foundation plan and contractor estimates
- Your overall financial picture, including income and credit
Mason Steel provides stamped engineered drawings and anchor bolt plans with every building, which makes it easier for your lender or general contractor to put together a complete loan package. See our order process for a closer look at what gets delivered with every order.
Financing for Different Building Types
- Residential garages and shops. Home equity loans, HELOCs, and personal loans are the most common.
- Barndominiums and steel homes. Construction loans and barndominium specific loans are typical. See our Barndominium and Residential Steel Homes page for more details on the building side of the project.
- Agricultural buildings. Many farmers use Farm Credit lenders, USDA loan programs, or local agricultural banks. Visit our Agricultural Steel Buildings page for more on agricultural projects.
- Commercial and warehouse buildings. Commercial real estate loans, SBA loans, and business lines of credit are most common. See our Commercial and Warehouse Steel Buildings page for more.
- Self storage facilities. Investors often use commercial construction loans or SBA loans. Visit our Self Storage Building Kits page for more.
Tips Before You Apply for Financing
- Have a firm size, layout, and intended use ready to share with your lender
- Get a quote in writing from your steel building supplier
- Know your foundation and site prep costs
- Understand your local zoning and permit requirements
- Have a realistic timeline for your build
For more answers about how a Mason Steel project comes together, visit our FAQ page.
How Mason Steel Supports Your Financing Process
- We provide a detailed quote and clear scope for your lender
- We deliver engineered, stamped drawings for your zip code
- We provide anchor bolt plans for your concrete contractor
- Our project management team helps you stay on schedule from quote to delivery
- Our 60 year structural warranty and 40 year paint and rust protection are documents lenders and insurers like to see
Read what our customers say on our testimonials page for a sense of how the process actually feels from start to finish.
Frequently Asked Questions
Ready to Move Forward?
The fastest way to get your financing process started is with a real quote on a real building. Request a free quote, contact us, or design your building online so you have something concrete to bring to your lender.
Phone: 877-76-STEEL