The Long Island Development Corp. (LIDC) financed over 57,000 s/f of commercial real estate as part of total funding for qualified small business projects in Long Island.
Steve Molfetta, VP lending at LIDC, financed McKeon Rolling Steel Door Co., Inc. a full line manufacturer of overhead and side activated doors, fire door systems and custom engineered closures. They received a $2.302 million SBA 504 loan as part of a $5.579 million financing package to purchase a 4.179-acre vacant parcel and construct a 57,000 s/f facility resulting in 24 new jobs over two years.
Established in 1946 by Joseph McKeon's father and grandfather, they have relocated the business from Brooklyn to 44 Sawgrass Dr., Bellport. Tags: