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:

Amy Zane Jewelry

Kalamazoo, Michigan
Total Project: 
MCDC Loan Amount: $157,000
Lender: Consumers CU, Shannon Rocheleau
Job Impact: 2

Anchor Bay Pitstop Diner, LLC

Anchor Bay Pitstop Diner, LLC
New Baltimore, Michigan
Total Project:
MCDC Loan Amount: $189,000
Lender: Advia Credit Union, Dave Karales
Job Impact: 4


Ancona Controls, Inc.

Ancona Controls (AC) provides sales and service of Uninterruptible Power Supply Systems and DC Power Systems for businesses with large data-centers. Providing reliable power solutions for customers in a timely manner is the mission statement by which AC conducts their business. Employing a highly trained engineering staff, AC uses the most advanced equipment and technology available. Albert and Beth Ancona purchased and renovated a commercial building in Wixom using the SBA 504 Loan Program. Expanding on the existing structure, AC updated to 15,600 sq. ft. including 1,200 Amp electrical service. By completing this remodel, AC can test several UPS units simultaneously as opposed to the old building where they were able to test only one unit at a time. By partnering with Ann Arbor State Bank and MCDC, Ancona Controls took advantage of 90% financing and a fixed rate loan.

Andersen Eye Associates PLC

Since 1995, Andersen Eye was leasing office space about a ¼ mile away from their new surgery center.  This was terribly inefficient and inconvenient.  The partners decided to construct a 23,500 square foot Ophthalmology Clinic and administrative offices onto their surgery center.   It includes an Optical Department, Hearing Department, Low-Vision Services, AEA Foundation Offices, plus an additional 3,000 square feet for administrative space.

With the help of MCDC and Citizens Bank, Andersen Eye was able to construct this beautiful building and purchase equipment.  In addition, by taking advantage of the SBA 504 Loan Program they were able to obtain a low rate and 20-year financing for their borrowing needs.

Anderson's Pro Bait, L.L.C.

Located near the shores of Lake Huron and the St. Clair River, Anderson’s Pro Bait, L.L.C. has been in business since 2003.  Anderson’s Pro Bait is ideally located on one of the heaviest traffic roads into Port Huron and a few miles from Canadian bridges; so, when the opportunity arose to purchase the building they were leasing, Joel didn’t have to stop and think, he jumped at it. 

By taking advantage of the SBA 504 Loan Program Anderson’s Pro Bait was able to lock into long-term, fixed-rate financing, for purchasing and renovating their building as well as the low 10% required down.

For more information on Anderson’s Pro Bait, L.L.C., please visit  For additional information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!  

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