Ancon Construction Received Four Awards by Associated Builders and Contractors of Indiana/Kentucky

Financing Your Commercial Construction Project

Expanding businesses often consider commercial construction projects as a means to create new job opportunities and bring innovative concepts to fruition. However, the cost of such projects can be a major obstacle. Finding the right financing option is crucial to ensure their success.

Luckily, there are countless financing options at your disposal when it comes to commercial construction projects. This article will delve into the most popular methods of financing these projects, with the goal of empowering you to choose the option that best suits your needs.

Traditional Bank Loans
A traditional bank loan is one of the most common ways to finance commercial construction projects. These loans typically have lower interest rates and longer repayment terms than other types of loans. However, they may require a significant down payment, collateral, and a solid credit score to qualify.

SBA Loans
SBA (Small Business Administration) loans are government-backed loans specifically designed to help small businesses, including those in the construction industry. These loans have lower interest rates and longer repayment terms than traditional bank loans, making them a popular choice for financing commercial construction projects.

Construction Loans
Construction loans are a type of short-term loan that is specifically designed to finance the construction of a commercial property. These loans are typically used to cover the cost of materials, labor, and other expenses associated with the construction process. Once the construction is completed, the borrower will need to refinance the loan or pay it off in full.

Crowdfunding
Crowdfunding has become an increasingly popular way to finance commercial construction projects in recent years, bypassing traditional sources like friends, family, and banks.  This method involves soliciting small contributions from many investors, typically utilizing various websites and social media platforms to showcase project details and attract potential investors. While this method can be effective, it typically requires a significant amount of time and effort to raise the necessary funds.

Private Equity
Private equity is another option for financing commercial construction projects. This method involves raising funds from private investors, who will then take an ownership stake in the project. Private equity investors typically require a high rate of return on their investment, so this method can be expensive. However, it can also be an effective way to secure funding for larger projects.

Mezzanine Financing
Mezzanine financing is a type of debt financing that combines elements of both debt and equity financing. This method involves raising funds by issuing debt that is subordinate to other types of debt, such as bank loans. Mezzanine financing typically has higher interest rates than other types of debt financing but may be easier to obtain.

There are many different ways to finance commercial construction projects, each with its own benefits and drawbacks. Carefully consider all available options and choose the one that best fits the project’s specific needs. Working with a financial advisor or commercial construction expert can help ensure that the project is financed appropriately and successfully completed. Fortunately, you don’t have to navigate this process alone. Ancon Construction is a valuable partner in this process, with extensive experience and a network of experts in commercial construction financing – ensuring your project’s success.

Established in 1975, Ancon Construction has been a trusted name in the construction industry for over four decades. As a 100% employee-owned company, we take immense pride in our expertise, commitment to excellence, and innovative approach to construction projects. When you choose Ancon Construction, you’re not just partnering with a company; you’re partnering with a team of dedicated professionals who share your vision for success. As leaders in the construction industry, we offer comprehensive construction services to bring your vision to life. Our team of skilled professionals will collaborate with you every step of the way, providing expert guidance and delivering high-quality results that exceed your expectations.

Navigating the complex landscape of commercial construction financing requires careful consideration of options, professional advice, and the support of experts like Ancon Construction to streamline the process. Ready to get your project started? Contact Ancon Construction today, and together, let’s build a successful future!

Ancon Construction: Leading the Way in Dental Commercial Construction

Welcome to an insightful journey into the realm of dental commercial construction, where the vision of creating modern clinics that cater to both the practitioner and patient is an art in itself. According to the U.S. Bureau of Labor, the dental industry in the United States employs approximately 120,740 general dentists (May 2022), many of whom aspire to establish their own dental clinics after gaining experience. However, the process of designing and constructing dental clinics goes beyond standard commercial projects, demanding a unique blend of creativity, compliance, and collaboration.

Since 1975, Ancon Construction has been at the forefront of the construction industry, continuously evolving its service lines to provide innovative solutions for its clients. Founded by Andy Frech, Ancon Construction’s journey took an inspiring turn in the ’80s and ’90s when Andy made a momentous decision to sell the company back to its employees. This move laid the foundation for the unique culture of Ancon Construction – a culture that revolves around our employees and their ownership, empowering them to thrive and take ownership of every project.

Designing a Dental Clinic: Beyond the Ordinary

Designing a dental clinic requires a team to listen to understand the specific requirements, distinct from typical office spaces. Plumbing and electrical designs play a critical role in dental clinics, demanding expertise from architects well-versed in this specialized space. You want an architect who ensures an environment that caters precisely to your needs and those of your patients. “A successful dental project is a result of a team effort of qualified professionals focused specifically on your vision, culture, and equipment for the practice,” shares Ben King, an in-house architect with Ancon Construction.

Innovation and Collaboration: A Winning Combination

Ancon Construction’s True Design-Build is a one-stop-shop approach that allows us to work closely with you, our client, utilizing state-of-the-art technology such as 3D modeling and virtual walk-throughs, ensuring a seamless transition from design to construction. Our commitment to affordability, aesthetics, and constructability ensures that each project meets your needs and surpasses your expectations.

Crafting the Ideal Space: Fusion of Vision and Practicality

As a dentist envisioning your clinic, you may have specific ideas for your primary treatment room’s layout and equipment. Collaborating closely between you (the dentist), our in-house design-build team, and your equipment supplier is crucial, as it fosters a constructive dialogue that allows the fusion of your vision with construction. While you can offer precise guidance for treatment rooms, open dialogue with our design team facilitates innovative solutions for the overall clinic organization, ensuring optimal functionality and aesthetic appeal.

A Pioneering Legacy of Employee Ownership

For over the past two decades, Ancon Construction has proudly been 100% employee-owned, marking an exceptional achievement that speaks to its commitment to fostering a culture where every team member thinks like an owner.

A Shared Vision of Excellence

Ancon Construction’s mission is to surpass client expectations by delivering quality solutions and superior service through its commercial buildings, embodying a vision of becoming the premier commercial design-builder in the Michiana community. Our core values reflect a steadfast commitment to excellence, prioritizing customer satisfaction, integrity, community support, and the transformation of clients’ dreams into reality. With a team of highly skilled employee-owners, Ancon Construction takes great pride in constructing buildings that enable their partners to reach their maximum potential.

The world of dental commercial construction offers a fascinating blend of artistry and practicality. Designing modern dental clinics requires specialized expertise, an open dialogue between dentists and architects, and a comprehensive understanding of regulatory requirements. By partnering with experienced professionals like Ancon Construction, dental practitioners can embark on their journey toward a state-of-the-art clinic that serves both their professional needs and the well-being of their patients. So, take the first step toward crafting your dental clinic with confidence, and let’s get your project started together.

About Ancon Construction:
Ancon Construction is a leading commercial design-build contractor offering services such as planning, architectural design, construction, remodeling, and maintenance. Headquartered in Goshen, Indiana, the company is 100% employee-owned and has been a cornerstone of the Michiana community’s architectural and construction landscape since 1975.

For more information about Ancon Construction, contact Amy Self, Ancon Construction’s Marketing Manager, at 574.533.9561, aself@anconconstruction.com, or visit anconconstruction.com.