Dr. Polisuk has a large general dentistry practice in the southern metropolitan Detroit area where he has practiced at his current location in Taylor, MI since 1985. Recently the building he has occupied as a tenant for all this time became available for sale when the former owner died. Dr. Polisuk was the logical purchaser but he needed financing to assist with the purchase. He contacted his bank who was able to approve a loan to purchase the real estate in partnership with the MCDC and the SBA. Grateful that he did not have to relocate, Dr. Polisuk was willing to undertake the purchase, which was more of a project than he anticipated at the outset. He is very happy now that he has loans in place that will not require refinancing for a very long time (and never for the SBA portion). More importantly, the low interest, long term fixed rate makes the ownership proposition more attractive than renting. In the end Dr. Polisuk can concentrate in his area of expertise making significant contributions to the health and well being of his patients.
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Financing Provided & Structured Through: Michigan Certified Development and US Small Business Administration