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:

Warwick Living Center

Michigan Certified Development was more than happy to help Warwick Living Center with the financing to construct a new 45-bed 33,724 square foot nursing home facility in rural Alma. The new facility is a Green House concept; meaning, it has three separate communities that are connected by a central support section with rehab areas and central activities. The concept is to make each community as home-like as possible. The facility is equipped with the latest resident call system, computerized medical records, wireless CAN reporting and Med Pass Control System. Dave Roslund has owned and operated Wilcox Health Care since 1988 in an old building. By using the MCDC SBA 504 Loan Program, Dave was able to obtain a low fixed rate loan to finance his new location.


Waterford Oaks Senior Care, Inc.

Trina and Brian Watson were managing Waterford Oaks Senior Care, Inc. since opening in 2007. With the help of the SBA 504, they were able to purchase the real estate. Trina, the president, is the onsite daily manager who oversees the full scope of amentities and services. Waterford Oaks is a 20-bed, private pay, adult assisted living facility that features 16 private rooms and 2 semi-private rooms. The staff has an attending physician and a 24 hour emergency call center in each room. Trina and Brian were able to obtain 85% financing for this project through an SBA loan from MCDC. It provided long term financing an a low fixed interest rate.


Waterford Oaks Senior Care, Inc.

Waterford Oaks Senior Care, Inc. (WOSC) was founded in 2007 as a licensed assisted living facility that has been operating since October 2007.  It was designed and built for the husband and wife team of Brian and Trina Watson.  The senior care home has been so successful, that the Watsons are now expanding by constructing an identical assisted living facility next door that will double their residents.

Waterford Oaks provides a warm and caring atmosphere for all of their residents.  Trina’s daily presence at the home ensures that each resident is treated like family.

For more information on Waterford Oakes Senior Care, Inc. please visit www.waterfordoaksseniorcare.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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Waverly Animal Hospital

Dr. Jennifer Raphael chose to be a veterinarian because of her love of animals.  She has worked at Waverly Animal Hospital since 2001, then took over the management in 2013.  In 2014, Dr. Raphael had the opportunity to purchase the building.  So, she contacted her lender at PNC Bank, who recommended the SBA 504 Loan Program offered by MCDC. 

Waverly Animal Hospital specializes in small animal medicine with services that include routine care, surgeries, daycare, boarding, and grooming. The building Waverly Animal Hospital occupies has two surgery rooms, five exam rooms, and a boarding and kennel area.

For more information on Waverly Animal Hospital,  please visit www.waverlyanimalhospital.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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Weber Specialties Company

Incorporated in 1955, Weber Specialties Company (WSC), a metal stamping manufacturer, provides tooling, assemblies, and other fabricated components to several industries; appliance, automotive, furniture, medical, electrical, seating, and industrial hardware.  As WSC was rapidly growing and accommodating new projects for large customers, they identified a need for new/replacement equipment, along with increased space to fill production, and they approached their lender at First National Bank of Michigan.  Together with MCDC, Weber Specialties Company was able to add onto their building, refinance the current mortgage debt, and satisfy all of the needed equipment, and do so with one simple project and do so with only 10% equity injection, thus allowing the Company to keep cash available to organically fund its growth.

This project also met a Public Policy Goal of aiding a business within a Rural Area, as well as assisting a business involved in manufacturing that will create many new jobs to the Schoolcraft area.

For more information on Weber Specialties Company please visit www.weberspecialties.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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