YouTube

Funded Projects

The SBA 504 Loan Program provides healthy small and medium-sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets. Projects are financed through a unique public/private partnership that involves private lenders financing 50% of project costs, MCDC covering up to 40% of project costs, and small businesses investing at least 10% of project costs. By taking a secondary collateral position on project assets, SBA provides a “collateral cushion” for the primary lender and reduces the amount of equity normally required of the borrower.

Funded Projects

Filter projects by:

Apex Precision Solutions, Inc.

Apex Precision Solutions, Inc. (Apex) is a newly-formed manufacturing company that provides high quality machined parts to the aerospace and orthopedic sectors.  Matthew Rudd and his partners have a combined 70 years of experience in these industries and have identified a niche within the current supply base.  The focus of Apex is the aerospace industry and the smaller orthopedic implant, trauma, and spine device manufacturers.  Some of their many capabilities include engineering services, design and development, milling and machining, CNC turning, grinding, lean manufacturing, and complete projects management.

For more information on Apex Precision Solutions, Inc., please visit www.apexprecisionsolutions.com and for more information on how Michigan Certified Development Corporation can help fund your business, please visit www.michigancdc.org, Michigan’s #1 SBA Lending Partner!


Apollo Family Restaurant

The Apollo Restaurant was established over 30 years ago. The current owners have built the business into a great success and a Davison area icon. They decided to retire and sell the business to their nephew Tom Stavridis, Cousin Alex Karatza and friend George Popoff. The three new owners reflect over 60 years of experience in the restaurant world. They are planning to make improvements to the Apollo by keeping it open 24 hours a day. They also plan to include catering and banquet facilities. This purchase was made possible with the help of Franklin Bank and MCDC's SBA 504 Loan Program.


Appletree Learning Center Otsego, LLC

The Appletree Christian Learning Center philosophy is to provide an opportunity for growth and development in a safe and nurturing environment. Parents have said they actually liked sending their children to day care!  Bridgett Tubbs has been in the daycare business for 13 years and she is the original entrepreneur of Appletree Learning Centers.  Bridgett had an opportunity to purchase the real estate in Otsego and partnered with MCDC for her SBA 504 loan.  She was able to do this with only 10% down!

For more information on Appletree Learning Centers, please visit www.appletreekids.cc, and for additional information on how Michigan Certified Development Corporation can help fund your business, please visit www.michigancdc.org, Michigan’s #1 SBA Lending Partner!

 


Appletree Learning Center Wyoming, LLC

Appletree Learning Centers is a well-known daycare and learning center throughout Michigan.  Ms. Bridgett Tubbs began Appletree Learning Center in 1998 in West Michigan and after experiencing good success, she availed Appletree Learning Centers as a franchise, and there is now a family of 11 owner-operated centers throughout the State, and Ms. Bridgett Tubbs plans to continue to expand.  Appletree Learning Centers, a Christian-based organization, offers a safe daycare environment for children ages 6 weeks to school-age, along with programs and learning curriculums that are taught by the Appletree staff, each of whom are State-qualified and have degrees in Early Childhood Education or Elementary Education.  Ms. Bridgett Tubbs found the SBA 504 Loan Program very attractive due to the 90% financing and below-market rates for a substantial amount of her required financing.  Additionally, as a woman-owned business and the center located in a Labor Surplus Area, this opportunity satisfied key Public Policy goals for the US Small Business Administration.

 

For more information on Appletree Learning Centers, please visit www.appletreekids.cc, and for additional information on how Michigan Certified Development Corporation can help fund your business, please visit www.michigancdc.org, Michigan’s #1 SBA Lending Partner!


Applied Environmental, LLC

Applied Environmental, LLC is a full-service environmental and energy consulting firm that was founded in 1996.  Jason Vertrees has been a partner in the company since 1997 and has owned 100% of the business since 2009.  The company assists clients by identifying the environmental characteristics of properties, completing due diligence assessments, identifying the limiting liability, and resolving environmental issues.

Applied Environmental has been operating out of leased space for several years and since they are growing and hiring more employees, they decided to purchase a larger building.  The SBA 504 project was for the purchase and renovation of the office building located at 1210 - 1240 N. Maple Road in Ann Arbor.  Applied Environmental will occupy two of the four suites, with third party tenants occupying the other two.  Applied also finished the basement area and is occupying that space as well.  Project funds will not renovate any space that is not occupied by the borrower.  JV3 LLC has been formed by Jason Vertrees to be the real estate holding company for this project.

For more information on how Michigan Certified Development Corporation can help fund your business, please visit www.michigancdc.org, Michigan’s #1 SBA Lending Partner!

To view more profiles, click here


Pages