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:

Arby's - C.H.E.W., Inc.

Arby's -  C.H.E.W., Inc. 
Jackson, Michigan
Total Project:
$1,970,725
MCDC Loan Amount: $805,000
Lender: Huntington National Bank, Kimberly Banat
Job Impact: 40


Arby's - C.H.E.W., Inc.

Arby's -  C.H.E.W., Inc. 
Albion, Michigan
Total Project:
$1,970,725
MCDC Loan Amount: $805,000
Lender: Huntington National Bank, Kimberly Banat
Job Impact: 40


Arby's - C.H.E.W., Inc.

Arby's -  C.H.E.W., Inc. 
Jackson, Michigan
Total Project:
$1,970,725
MCDC Loan Amount: $805,000
Lender: Huntington National Bank, Kimberly Banat
Job Impact: 40


Arby’s - Lansing

Betty Rosseter and her son, Mark, have owned and operated the Arby’s restaurant in the Lansing Frandor Shopping area since 1995.  As a result of the economic crisis, their bank faced difficulties, which concerned them.  They contacted MSUFCU to refinance their mortgage loan and MSUFCU jumped at the opportunity and recommended partnering with MCDC/SBA 504 so that the Rosseters could receive a 20-year loan with a fixed interest rate on 50% of their loan balance.  The Rosseter’s agreed, and now have an SBA 504 loan with a great interest rate.

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!


Aristo-Cote, Inc.

Incorporated in 1998 by brothers Steve and Brian Murray, and now owned by the second generation, Matthew, Nicolas, and Brian Murray, Aristo-Cote provides a variety of services including advanced design and prototype services, complete welded rack and cart fabrication, foam, plastic, and plastic corrugated returnable packaging, Quantum shield Polyurea coatings, and a complete line of tube and joint solutions.

Since inception, Aristo-Cote has been leasing and had an opportunity to purchase their building so they contacted their lender at JPMorgan Chase who recommended the SBA 504 Loan Program. They were able to purchase the building with only 10% down AND locked into a low fixed rate loan for 20-years.  Now, instead of giving money to the landlord, they are building equity in their building.

For more 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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