Kowalczyk, DiMartini and Goad of LIDC finance over 39,005 s/f

The Long Island Development Corp (LIDC) financed over 39,005 s/f of commercial real estate as part of total funding for qualified Small Business projects in Nassau and Suffolk Counties, N.Y. Ken Kowalczyk VP lending financed Kiddie Academy of Lynbrook, child day care learning facility. Kiddie Academy elected to exercise its option to purchase the 10,200 s/f building that they were leasing. They received a $525,000 SBA 504 loan as part of a $1.27 million financing package. The new location is 290 Broadway, Lynbrook, N.Y. Nassau County. Kowalczyk also financed Electrical Training Center, Inc, a technical vocational training school. The company purchased a 7,000 s/f building in order to expand their business and increase the number of classes and seminars they can teach. They received a $348,000 SBA 504 loan as part of a $837,500 financing package and is now located at 65 Elm St., Copiague, N.Y. Suffolk County. Don DiMartini, VP lending financed Soundside Physical Therapy, P.C., physical therapy practice and clinic. Soundside purchased a 4,000 s/f commercial building and will add a full second story adding approximately 4,000 s/f of additional space. They received a $960,000 SBA 504 loan as part of a $2.378 million financing package. Their new location is at 146 Birch Hill Rd., Locust Valley, NY Nassau County. Steve Goad and Kowalczyk - VPs Lending financed Pine Hollow Inn, catering facility with 25 rooms for overnight accommodations. The company was able to purchase their leased location in order to perform extensive renovations to expand their business. They received an $849,000 SBA 504 loan as part of a $2.48 million financing package. The Pine Hollow Inn is located at 2001-2005 Rte. 112, Medford, N.Y. Suffolk County.