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:

Northwind Investments, Inc.

Northwind Investments, Inc. was formed in 1978 by Richard Andresen as the majority shareholder, who grew the business to 29 Burger King locations.  In 1999, Richard sold the operations to his 3 main operational managers, Kevin Egnatuk, Norm Spalding, and Bob Spalding and his controller, Greg Johnroe.  Today, Northwind owns and operates 24 Burger King locations throughout Northern Michigan and owns and operates 7 Qdoba restaurants throughout Mid-Michigan.

Even though Northwind has owned and operated these Burger Kings for many years, they were still leasing the real estate from Richard.  Recently, Richard decided to sell the properties to Northwind.  By using the SBA 504 Loan Program, Northwind was able to finance all eight Burger King locations into one 20-year loan for only 10% down.

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


Northwind Investments, Inc.

Northwind Investments, Inc. was formed in 1978 by Richard Andresen as the majority shareholder, who grew the business to 29 Burger King locations.  In 1999, Richard sold the operations to his 3 main operational managers, Kevin Egnatuk, Norm Spalding, and Bob Spalding and his controller, Greg Johnroe.  Today, Northwind owns and operates 24 Burger King locations throughout Northern Michigan and owns and operates 7 Qdoba restaurants throughout Mid-Michigan.

Even though Northwind has owned and operated these Burger Kings for many years, they were still leasing the real estate from Richard.  Recently, Richard decided to sell the properties to Northwind.  By using the SBA 504 Loan Program, Northwind was able to finance all eight Burger King locations into one 20-year loan for only 10% down.

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


Northwind Investments, Inc. - Burger King

Northwind Investments, Inc. was formed in 1978 by Richard Andresen as the majority shareholder, who grew the business to 29 Burger King locations.  In 1999, Richard sold the operations to his 3 main operational managers, Kevin Egnatuk, Norm Spalding, and Bob Spalding and his controller, Greg Johnroe.  Today, Northwind owns 24 Burger King locations throughout Northern Michigan and 7 Qdoba restaurants throughout Mid-Michigan.

For these five locations, Northwind used the SBA 504’s temporary refinance program.  By doing so, they were able to greatly reduce their interest rate, obtain a longer amortization, and lower their monthly payments by thousands of dollars.

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!


Northwind Investments, Inc. - Burger King

Northwind Investments, Inc. was formed in 1978 by Richard Andresen as the majority shareholder, who grew the business to 29 Burger King locations.  In 1999, Richard sold the operations to his 3 main operational managers, Kevin Egnatuk, Norm Spalding, and Bob Spalding and his controller, Greg Johnroe.  Today, Northwind owns 24 Burger King locations throughout Northern Michigan and 7 Qdoba restaurants throughout Mid-Michigan.

For these five locations, Northwind used the SBA 504’s temporary refinance program.  By doing so, they were able to greatly reduce their interest rate, obtain a longer amortization, and lower their monthly payments by thousands of dollars.

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!


Northwind Investments, Inc. - Burger King

Northwind Investments, Inc. was formed in 1978 by Richard Andresen as the majority shareholder, who grew the business to 29 Burger King locations.  In 1999, Richard sold the operations to his 3 main operational managers, Kevin Egnatuk, Norm Spalding, and Bob Spalding and his controller, Greg Johnroe.  Today, Northwind owns 24 Burger King locations throughout Northern Michigan and 7 Qdoba restaurants throughout Mid-Michigan.

For these five locations, Northwind used the SBA 504’s temporary refinance program.  By doing so, they were able to greatly reduce their interest rate, obtain a longer amortization, and lower their monthly payments by thousands of dollars.

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!


Pages