Woodlyn Sales, Inc.

Thomas Smith
Canton, Michigan

Woodlyn Sales is a manufacturer's rep that provides high voltage equipment and services from large power transformers to electric meters for the utility, industrial, and commercial markets throughout Michigan. Owner Tom Smith's philosophy is to provide his customers with value, top quality product, and excellent customer service. Tom decided to purchase the building he was leasing and occupy 51% and lease the extra space to two other tenants. He was able to affordably finance this project with a fixed rate, extended term loan, and only 10% down.


Total Project Amount: 
$831,475
MCDC Loan Amount: 
$343,000
Lender: 
JP Morgan Chase Bank
Job Impact: 
3

Financing Provided & Structured Through: Michigan Certified Development and US Small Business Administration