Urban Environmental Stewardship Award

Urban Environmental Stewardship Award

by | Mar 12, 2024 | ANCON News

 

Congratulations to Lloyd Yoder from Ancon Construction for receiving the 2023 Urban Environmental Stewardship Award!

Lloyd was honored last week at the Elkhart County Soil and Water Conservation District for his outstanding work on two projects with Elkhart County, with most of his time spent on the new Consolidated Courts project. His dedication to project meetings and positive attitude were recognized by county officials.

Well done, Lloyd!

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.

What Do Banks Like To See When Asking For A Commercial Construction Loan?

What Do Banks Like To See When Asking For A Commercial Construction Loan?

by | Feb 22, 2024 | Ancon News

 

What do banks like to see when asking for a commercial construction loan?

 

If you’re planning to build a commercial property or undertake a major renovation project, you’ll likely need to secure financing through a commercial construction loan. These loans are specifically designed to cover the costs associated with commercial building projects and require a different set of documentation and requirements than a traditional business loan.

Here are some of the key factors that banks typically look for when considering a commercial construction loan application:

  1. A strong business plan: Banks will want to see a detailed business plan that outlines your project’s scope, including blueprints, architectural drawings, permits, contractor bids, and timelines. This plan should also include a detailed breakdown of the costs involved in the project, as well as an estimate of the property’s value upon completion.
  2. Strong credit history: As with any loan application, banks will want to see a solid credit history demonstrating your ability to make timely payments and manage debt responsibly. A high credit score and a low debt-to-income ratio can help increase your chances of being approved for a commercial construction loan.
  3. Adequate collateral: Commercial construction loans are typically considered riskier than traditional business loans, so banks may require additional collateral to secure the loan. This could include a lien on the property or other assets, such as a vehicle or investment account.
  4. Sufficient cash reserves: Banks will also want to see that you have enough cash reserves to cover unexpected expenses that may arise during the construction process. This could include things like delays in construction, unexpected material costs, or changes to the scope of the project.
  5. Experienced contractor: Banks will want to see that you’re working with an experienced and reputable contractor who has a track record of successfully completing similar projects. They typically require that the contractor be licensed and insured. Completing schematic drawings and understanding the actual construction cost can save time and additional questions from the bank’s underwriters. These documents should be included with your loan application.
  6. Proven track record: If you’re an established business owner, banks will want to see a proven track record of successful projects and profitability. This can help assure the lender that you have the experience and financial stability to manage a large-scale construction project.
  7. Projected cash flow: Banks will want to see that the property will generate sufficient cash flow to cover loan payments and operating expenses once the construction is complete. This could include projections of future rental income, sales revenue, or other revenue streams.

Securing a commercial construction loan requires a thorough and detailed application process. By working with a knowledgeable lender and providing all the necessary documentation and requirements, you can increase your chances of being approved for a commercial construction loan and successfully completing your building or renovation project.

Ancon Construction would love to help answer your commercial construction loan questions and learn more about your vision. A 100% Employee-Owned True Design-Build Construction firm since 1975. 

Let’s get your project started…together.

Ground Broken on Ancon Construction’s New Corporate Office

Ground Broken on Ancon Construction’s New Corporate Office

by | Nov 21, 2023 | Ancon News

From left are Nick Kieffer, Goshen Chamber; Don Carrico Ancon’s Director of Operations & Safety;  Rhett Fisher, Ancon’s CFO; Ryan Kring, Ancon’s VP of Business Development; Doug VonGunten, Ancon’s President; John Place, Ancon’s past president and current Ancon Chairman of the Board; Jan Farren, Ancon board member; Katy Sonner, Executive Assistant at City of Goshen; Joanna King, Indiana State Representative

 

Ground Broken on Ancon Construction’s New Corporate Office

Ancon Construction marked a significant milestone as they broke ground last week for their new corporate office at 2121 Wilden Ave., in Goshen, Indiana. This event kicked off the renovation of the former Furnitureland building, which will become the future home of Ancon Construction’s corporate headquarters. Ancon is relocating from its current Elkhart Road location.

The groundbreaking ceremony was attended by approximately 50 individuals, including Ancon Employee-Owners, board members, Goshen Chamber staff, elected officials, and other friends of Ancon Construction.

Doug VonGunten, President of Ancon Construction, highlighted the project as a symbol of Ancon’s future, coinciding with its upcoming 50th business anniversary in 2025. The decision to relocate and renovate stems from outgrowing their current office space and the need for new offices that better represent the work of Ancon’s Employee-Owners.

Ancon Construction, a commercial design-build contractor in Goshen, Indiana, has played a pivotal role in shaping the Michiana community’s architectural and construction landscape since 1975. As a 100% employee-owned company since 1999, this move represents a strategic investment in the next 50 years of Ancon Construction.

Ben King, Ancon Construction architect, expressed excitement about the project, foreseeing a more collaborative and modern office space. He emphasized the creation of a campus fostering relationships between office and field staff.

The new corporate office, transforming 24,000 square feet of the former Furnitureland store acquired in 2022, will symbolize Ancon’s award-winning work and dedication to their Employee-Owners. Key design features include natural daylight, open and collaborative workspaces, various meeting areas, and a central hub featuring a café, training room, outdoor patio, and lawn space. This transformation reflects Ancon’s dedication to quality and innovation.

“This project is more than just a building,” reflected VonGunten. “It will represent who we are as Employee-Owners and will be a place where our team can thrive. We’re excited to transform this building to better reflect the work that we do.”

Ancon Construction will transform the former Furnitureland store on Wilden Avenue in Goshen, Indiana, into their new corporate office. Above, is a picture of the old Furnitureland building, and below is a glimpse of the transformation into the future Ancon Construction corporate office.

 

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.

Ancon Construction Shares Award with Wag’n Tails

Ancon Construction Shares Award with Wag’n Tails

by | Nov 21, 2023 | Ancon News

Pictured L to R: Doug VonGunten, Ancon President; Obadiah Counsellor, Wag’n Tails Controller; Dennis Gnetz, Wag’n Tails CEO; Steve Wedding, Wag’n Tails CFO; Jason Mills, Wag’n Tails Director of Marketing; Tim Schrock, Ancon Project Manager

 

Ancon Construction Shares Award with Wag’n Tails

Ancon Construction was pleased to share the Excellence in Construction (EIC) award from the Associated Builders and Contractors (ABC) of Indiana/Kentucky with Wag’n Tails.

The ABC of Indiana/Kentucky Award of Excellence program, recognizing outstanding projects, signifies the high standards upheld by Merit Shop contractors, showcasing the exceptional quality of work by ABC-affiliated companies.

Wag’n Tails, a leader in the mobile pet grooming industry, entrusted Ancon Construction with designing and constructing a corporate office and showroom complex. Utilizing a pre-engineered metal building, they created a flexible warehouse showroom, enhancing customer experience and product quality.

Dennis Gnetz, CEO of Wag’n Tails, expressed, “We chose to partner with Ancon Construction because of their exceptional customer service, vision, and craftsmanship. So, I wasn’t surprised when I heard that Ancon Construction had received an award. Their exceptional work not only reflects their commitment to excellence but also their ability to bring our vision to life in a remarkable way.”

Doug VonGunten, President of Ancon Construction, emphasized that the recent ABC Awards highlight their team’s skills in design-build projects and underscore their commitment to excellence. He expressed pride in the hard work of their Employee-Owners and excitement for future accomplishments.

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.

Ancon Construction Recognized with Four Awards by ABC of IN/KY

Ancon Construction Recognized with Four Awards by ABC of IN/KY

by | Sep 27, 2023 | Ancon News

Ancon Team in attendance at the ABC Gala, pictured L to R: Ben King, Architect, Matt VanSoest, Designer, Steve Taylor, Superintendent, Chris Morrical, Project Manager, Ryan Kring, VP of Business Development, Tim Schrock, Project Manager and Bryan Baer, Designer

 

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

 

Ancon Construction is pleased to announce they were honored with four Excellence in Construction (EIC) awards from the Associated Builders and Contractors (ABC) of Indiana/Kentucky. ABC’s Award Gala earlier this week in Indianapolis.

The ABC of Indiana/Kentucky Awards of Excellence program highlights outstanding projects by its members and promotes the high standards upheld by Merit Shop contractors. These awards demonstrate the high quality of work done by ABC-affiliated companies.

Doug VonGunten, President of Ancon Construction, said, “These projects not only showcase our team’s skills in design-build projects but also emphasize our commitment to excellence. I’m proud of our team and what we’ve achieved. These awards recognize the hard work of our employee-owners. I am excited about the future and the accomplishments our team will achieve.”

 Awards Recognized:

Aluminum Insights – Award of Excellence
Ancon Construction’s work on the Aluminum Insights project has earned an Award of Excellence. This project involves a startup aluminum extrusion manufacturing plant in Syracuse, Indiana. The plant features a streamlined production process and innovative building design. Challenges like elevation differences and international collaboration were successfully overcome. The facility’s unique structure accommodates specialized equipment, future expansion, and sustainable features like solar panels and clerestory windows, reflecting Ancon Construction’s commitment to cutting-edge design-build solutions.

Granger Dental Clinic – Award of Excellence
The transformation of the Granger Dental Clinic, the first Indiana location for Our Best Life Companies, has received an Award of Excellence. This project converted a former car showroom and repair center into a modern dental facility. The space now includes dental and orthodontic wings, featuring a distinctive vertical tower element and perforated panels for aesthetics and sunshade solutions. Overcoming challenges like integrating septic systems and making structural changes, this project not only generated jobs but also showcased Ancon Construction’s design-build expertise.

The Goodwill Excel Center – Award of Excellence
Ancon Construction’s renovation of The Goodwill Excel Center, a historic building in South Bend, Indiana, has earned another Award of Excellence. The project harmoniously blends Goodwill Industries’ missions by creating versatile spaces for learning, workforce development, and community engagement. Challenges like uneven flooring, energy-efficient window replacements, and ADA upgrades were skillfully addressed. The result is a modern space aligned with Goodwill’s goals.

Wag’n Tails – Award of Merit
Ancon Construction’s success extends to the Wag’n Tails project in Granger, Indiana, which received an Award of Merit. Wag’n Tails, a player in the mobile pet grooming industry, entrusted Ancon Construction with designing and constructing a corporate office and showroom complex. Using a pre-engineered metal building, they created a flexible warehouse showroom that improves customer experience and product quality.

These awards from ABC of Indiana/Kentucky underscore Ancon Construction’s dedication to exceeding client expectations through quality solutions and exceptional service. For more information about Ancon Construction and its projects, visit AnconConstruction.com.

Awards Recognized:

Award of Excellence
Award of Excellence
Award of Excellence
Award of Merit
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.