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.

Filter Projects:

Wolverine Metal Stamping, Inc.

Wolverine Metal has been in operation since 1957 and is continually looking for ways to diversify and add value for their customers. With new contracts from Magna, Duncan Aviation, Perrigo and Whirlpool they needed to purchase equipment to meet current customer demands while also planning for the future. The newly acquired pieces of equipment will allow the company to deliver faster turnaround times, increase capacity for more projects, improve quality and improve efficiency. The company will benefit from low fixed-rate long term financing via the SBA 504 Loan Program provided through the MCDC in conjunction with Omni Community Credit Union


Wolverine Metal Stamping, Inc.

Wolverine Metal Stamping, Inc. (WMS), with its origins dating back to 1957, has been the quintessential example of a well-operated manufacturer that has not only survived the rough economic climate over the past few years, but have continued to grow and expand its product offerings and customer base.  Eric Jackson, who took over management and ownership in 1999, has guided the company to being an industry leader in manufactured and precision metal stampings for a variety of industries, including furniture, appliance, and most recently, automotive/logistics.

When WMS had the opportunity to continue to diversify and grow its customer base by acquiring new equipment, they partnered with Omni Community Credit Union and between their Omni lender and MCDC, they acquired the new equipment and also refinanced some existing equipment debt, resulting in not only a below-market fixed rate for 10-years, but also significantly improved company cash-flow, which was very important for WMS as capital was preserved to support continued revenue growth.  This was Omni's 2nd partnership with WMS and the SBA, which satisfied a number of Public Policy goals, including aiding a borrower in manufacturing sector, in a Rural Development area, which was also in a Labor Surplus Area (Berrien Co).  The acquisition of the new equipment was also expected to result in the addition of three full-time jobs for WMS, to go along with the existing 90 employees.

For more information on Wolverine Metal Stamping, Inc., please visit www.wms-inc.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!


Wolverine Metal Stamping, Inc.

Wolverine Metal Stamping, Inc. (WMS), with its origins dating back to 1957, has been the quintessential example of a local, well-operated manufacturer that has not only survived the rough economic climate in Michigan and nationwide over the past few years, but they have continued to grow and expand its product offerings and customer base.  Spearheaded by Mr. Eric Jackson, who took over management and ownership of WMS in 1999, has guided the company to being an industry leader in manufactured and precision metal stampings for a variety of industries, including, but not limited to furniture, appliance, and most recently, automotive/logistics.

When the company had the opportunity to continue to diversify and grow its customer base by acquiring new equipment, they successfully partnered with Omni Community Credit Union and between their Omni CCU lender and Michigan Certified Development Corporation, WMS acquired the new equipment and also refinanced some existing equipment debt, altogether resulting in not only a below-market fixed rate for 10 years, but also significantly improved company cash-flow, which was very important for WMS as capital was preserved to support continued revenue growth.  This was Omni Community Credit Union’s second partnership with WMS and the SBA 504 program, and the subject transaction satisfied a number of Public Policy goals, including aiding a borrower in manufacturing sector, in a Rural Development area, which was also in a Labor Surplus Area (Berrien County).  The acquisition of the new equipment was also expected to result in the addition of three new full-time jobs for WMS, to go along with the existing 90 employees.

For more information on Wolverine Metal Stamping, Inc., please visit www.wms-inc.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!


Wooden Spoon Café LLC

The Wooden Spoon Café and Artisan Market is an upscale eatery and specialty market striving to provide creatively prepared food daily using locally sourced fresh ingredients for both dine-in and take-out customers.  The partners saw a need to provide artisan style menu options for the busy residents of the Brighton community whose schedules were not conducive to dining out in a traditional restaurant setting where freshly prepared menu items would require a visit of at least an hour.  The menu is limited and changes daily.  For lunch, a combination of fast, hot or cold sandwiches on Zingerman's breads, tossed to order salads, homemade soups and savory entrees are available.   The menu changes for dinner with a limited menu easy to re-heat gourmet takeout dinner options. The specialty store offers artisan-type food as well as cookbooks and unique kitchen utensils.  During the summer months local fresh produce is available for sale as is year-round off premises catering.  Not only have the partners managed to provide a new, convenient but high quality food option to community, they were also able to locate the restaurant in a vacant building on a busy thoroughfare adding new life to a tired eyesore.  The loan proceeds were used to acquire and renovate the restaurant property.  By utilizing the SBA 504 Loan Program a hard to finance start up business was born creating jobs and improving the neighborhood.  The restaurant is managed by Steve Pilon who is a professional chef of local renown having been the executive chef at the Oak Pointe Country Club in Brighton and winner of local Iron Chef cooking competitions over the past several years.  The restaurant currently has 10 full-time employees and 13 part-time and it is estimated that the restaurant will employ 15 full time in two years.

For more information on the Wooden Spoon Café and Artisan Market, please visit www.woodenspoonmarket.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!


Woodhaven Pediatrics

Rick A. Poston, D.O., P.C. d/b/a Woodhaven Pediatrics is a pediatric practice started by Dr. Rick Poston in 1979.  The practice provides children exams, immunizations, and specializes in specific disorders such as asthma, autism, and ADHD.  Dr. Pavlik has been a practicing pediatrician at Woodhaven Pediatrics since 2004 and has assumed majority ownership of the practice while Dr. Poston remains active in the practice on a limited schedule.  Dr. Pavlik recognized the need to move the large practice from tired, rented space that the large practice had outgrown.  After considering many options in the area it became clear that the practice and its patients would be best served by dedicated space designed just for it.  Dr. Pavlik and her husband Robert joined forces as business partners to purchase land and construct the new facility.  The beautiful new facility was well worth the time effort and will serve the practice and the community well for years to come. 

SBA 504 financing was just what the doctor ordered since it allowed the borrower who had limited liquidity the ability to borrow 90% of the cost at very, very low long term fixed rates making the monthly payments less than the rent that was previously being paid for tired space.  As an added benefit, Dr. Pavlik can concentrate on her medical practice without having to concern herself with re-financing mortgage debt.  For more information on Woodhaven Pediatrics visit www.woodhavenpediatrics.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!


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