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:

Troppo Restaurant

Troppo is an upscale bar and restaurant located near the State Capitol in downtown Lansing. Troppo specializes in gourmet food and beverages, and is a favorite of downtown professionals and Capitol politicians. Kris Elliot has owned Troppo for quite some time and decided to move across Michigan Avenue into another building. The beautiful three floor building has the restaurant on the first floor, a bar on the second floor and a third floor banquet room. By partnering with the MCDC SBA 504 Loan Program, Troppo received a low rate for 20 years.


Troy Cleaners

Troy Cleaners Company is a third generation family owned operation that was started in 1940 by Troy Dortch. Troy's grand daughter, Deborah Dortch-Motter, and her husband, Dave, have been operating the business since 2004. Troy Cleaners has two production plants that serve 14 locations in Michigan. Dave and Deborah were leasing these two buildings, which was inefficient and expensive. The Motter's decided to consolidate their operations by purchasing one location using the SBA 504 Loan Program. They received a low interest rate that is fixed for 20 years.


Truck-Tech Refurbishing, Inc

Truck-Tech Refurbishing, Inc
Howell, MI
Total Project:
$2,195,000
MCDC Loan Amount: $904,000
Lender: Huntington National Bank, Vito Pianello
Job Impact: 12


Truck-Tech Refurbishing, Inc.

Truck-Tech Refurbishing, Inc.
Howell, Michigan
Total Project:
$2,195,000
MCDC Loan Amount: $904,000
Lender: FirstMerit Bank, Vito Pianello
Job Impact: 12


Turning Brook

Turning Brook is an existing senior living facility in Alpena that is on its third expansion due to the strong demand since it opened. Licensed by the state of Michigan, the building will house a total of 54 residents with a portion providing care to patients with dementia. Doug Maas and his brother-in-law, Paul Wyman, have been very successful with other assisted living facilities throughout Michigan. By partnering with Firstbank and the MCDC, Turning Brook received a low fixed interest rate for 20 years on their SBA 504 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!


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