Midwest Capital Corporation Helps Dentist Expand into Second Office
Midwest Capital Corporation announces a $891,000 deal for the construction of the new dental office for Dr. Angelo Julovich in the Stonegate Village, located in Zionsville.
Indianapolis, IN (PRWEB) January 3, 2008 - Midwest Capital Corporation announces a $891,000 deal for the construction of the new dental office for Dr. Angelo Julovich in the Stonegate Village, located in Zionsville. Midwest Capital Corporation provided 90% of the financing and a 25 year amortization under the SBA 504 loan program to help the Dr. Julovich purchase his land and build this first of four buildings as part of his professional office development in Stonegate.
"We were exceptionally pleased with what Midwest Capital did for us. Steve helped me organize my financial structure and worked through the maze of options to get the financing for our new building. Midwest Capital helped structure us in order to qualify for the loan. They walked us through the entire process and were extremely thorough," said Dr. Angelo Julovich.
The SBA 504 program is an economic development loan program designed to help small and medium size companies acquire or build their commercial real estate for expansion and job growth. Loans made under this program are structured to provide up to 90% financing. The program is a participation program that combines private finance money, which provides up to 50% of the project financing, with government backed financing, which provides up to 40% of the project financing.
Midwest Capital Corporation is a national, non-bank lender which provides both conventional and SBA 504 longterm commercial mortgage loans, ranging from $1,000,000 to $10,000,000, to small and medium size companies.
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