LIDC completes three transactions totaling 33,600 s/f

The Long Island Development Corp. (LIDC) completed the financing of over 33,600 s/f of commercial real estate with $2.361 million in SBA 504 program loans as part of $5.8 million in total funding for qualified Small Business projects in Nassau & Suffolk County New York Charles Schreiber, V.P. lending financed Quality Veterinary Care, P.C., veterinary clinic. They received a $334,000 SBA 504 loan as part of a $800,000 financing package to purchase a new 1,500 s/f building to expand their practice to provide full hospital care services and add new staff. The new facility is located at 167 Meacham Ave., Elmont, N.Y. Steve Molfetta, V.P. lending financed Brian D. Howard DVM, veterinary clinic. They received a $527,000 SBA 504 loan as part of a $1.267 million financing package to purchase a new building of 3,600 s/f in order to expand their practice to include 20 dog runs and capacity to board 15 - 20 animals. Located at 130-J Montauk Highway, East Moriches, N.Y. Molfetta also financed Breaktime Refreshments, LTD, distributer of beverages. They received a $1.5 million SBA 504 loan as part of a $3.733 million financing package to purchase a 28,500 s/f The larger quarters will enable the company to hire more employees, increase product lines and inventory. Located at 590 Smith St., Farmingdale, N.Y.