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:

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, and for additional information on how Michigan Certified Development Corporation can help fund your business, please visit, 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 and for additional information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!

Woodland Creek Furniture, Inc.

Woodland Creek is a large cabin and rustic furniture manufacturer and retail company with locations in both Kalkaska and Traverse City.  Mr. Evina started Woodland Creek in 2002 in Kalkaska and in 2006 he had the opportunity to purchase the old Traverse Bay Woolen location in Traverse City.  The locations offered extraordinary exposure. The building sets on M72 across from the bay and the main building has 15,000 square foot retail space.  Recently Mr. Evina added a more contemporary line of furniture, called Urhouz Furniture, that is a more modern line but with a rustic feel.  He also operates a small café and ice cream shop, Woodland Sweets on the site. He has been extremely successful in building a significant internet presence to increase sales as well.

Mr. Evina was able to take advantage of the SBA refinancing program to put attractive long term financing in place to assure the future of Woodland Creek Furniture, Inc.

For more information on Woodland Creek Furniture please visit and for additional information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!


Woodlyn Sales, Inc.

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.

Worldwide Art Resources and Design, Inc.

Owned by husband and wife Craig and Diane Bell, Worldwide Art Resources and Design, Inc. (WARD) offers interior design services and a retail store specializing in home accessories, fine china, world class fabrics and furniture, fine leather, bath and beauty personal care, lighting, and more. 

The previously leased two story building became available to be purchased recently. It was an opportunity to own the facility and secure a long term presence in a prime location in downtown Petoskey. WARD will continue to occupy the first floor and lease the second floor as a residential unit. 

By taking advantage of the SBA 504 Loan Program, Craig and Diane were able to take advantage of the 20-year fixed-rate financing with only 10% down offered by the SBA. For more information on Worldwide Art Resources and Design, Inc. please visit,  or and for more information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!