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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

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Plymouth Crossfit

Plymouth Crossfit is a unique and personalized fitness training center. Open since 2008, Plymouth Crossfit offers many workout methods, including aerobic and anaerobic exercises. The three business partners have leased their space in Canton for the past two years and after looking into several possibilities, they decided to purchase an existing building to double the size of their operation. With the help of the MCDC SBA 504 Loan Program, Plymouth Crossfit benefitted from a fixed rate loan.

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!


Plymouth-Canton Family Health Care

This project involved the purchase and build-out of a newly constructed commercial building to house a medical practice. The 3200 square foot location with a large parking lot will allow for added growth of the borrower's operations. Dr. Jerome Bekker is 100% owner of Plymouth-Canton Family Health Care, P.C. Additionally, for the past six years, Dr. Bekker has owned Clearly You, PLLC, which performs medical laser treatments, including hair removal, botox, and microdermabrasion, etc. Dr. Bekker's wife, Christa Bekker, is a licensed esthetician and operates Clearly You, PLLC. Dr. Bekker was able to finance this project with only 10% down because of the SBA 504 Loan Program.


Point Transport

Point Transport is an interstate truckload carrier that specializes in over the road, local and expedited truckload transportation. Mel Pasalic has owned and operated the company for a number of years and as the company has grown he has wanted to purchase a location where he could do his own service work and also park trucks as necessary. Mel believed this would make the company more efficient and also less dependent on outside vendors when repairs were necessary. Mr. Palasic found the perfect location and was able to purchase the property with the assistance of Chemical Bank and the Michigan Certified Development Corporation.

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!


Popeye’s Chicken - Saginaw

After traveling 35 miles and sinking his teeth into the best fried chicken he’s ever tasted, Earl Pegues, Jr. absolutely had to become a part of the second largest quick-serve chicken restaurant chain.  A long-time Saginaw resident, Earl has owned convenience stores, investment real estate, and it was now time to own his own Popeye’s Chicken!  

After being steered in the right direction from his lender at Chemical Bank, Earl partnered with the MCDC and their SBA 504 Loan Program to finance the land and construction, as well as the equipment for the restaurant.  This very popular restaurant seats 58 people and has a drive-thru window.  

For more information on Popeye's Louisiana Kitchen please visit www.popeyes.com 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!


Populist Cleaning Co.

Mike Eller's father Daniel, and partner John Wagner started Populist Cleaning Co. in 1980, until the retirement of Daniel Eller leaving Mike and John as partners. Populist Cleaning provides high quality cost effective services including daily cleaning, carpet and window cleaning, tile maintenance, lawn care, snow removal, handyman, lighting, and blind cleaning. They have become one of the premier cleaning and facilities maintenance companies in Ann Arbor. Populist's belief in quality service and strong communication with the customer has been the foundation of their achievements. Another achievement was partnering with MCDC and Bank of Ann Arbor for the purchase of two new buildings. Due to expanding business they needed more space. With the help from the SBA 504 Loan Program Populist Cleaning was able to purchase these buildings with only a 10% down payment!

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!


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