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.

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Armor Protective Packaging

Incorporated in 1979, Armor Protective Packaging is owned by John Holden, Robin McConnell and David Yancho.   Known worldwide, they specialize in rust inhibiting industrial paper used to keep metal materials from rusting when they are packaged, shipped, and stored.  Armor’s prior building was small and located in a neighborhood without easy access to the highway, which made deliveries difficult.

By purchasing and renovating a building just across town and working with the SBA 504 Loan Program offered by MCDC, Armor was able to obtain 20-year financing at a low interest rate.  This move gave them the opportunity to renovate and redesign the building for increased efficiency as well as better access to the highway.

For more information on Armor Protective Packaging, please visit www.armorvci.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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Art of Dentistry

Art of Dentistry is totally committed to giving patients the finest dental care available. Keeping abreast of modern technology available, they continue to upgrade and refine their skills in order to provide as many aspects of dentistry as possible. Dr. Ronald Williams has been a practicing dentist since 1999 and opened his own practice in 2007. He elected to lease the building while he grew his business and has recently been provided the opportunity to purchase it. With the help of JP Morgan Chase Bank and the SBA 504 Loan Program, Dr. Williams was able to purchase his building with a low fixed-rate loan.


Art Van - Tawas

Tawas Electronic and Appliance, Inc. is now a part of Art Van Furniture and has moved across the street in a larger new building with financing help from MCDC.  Dan Murphy purchased Tawas Electronic and Appliance in 1997 and has grown the business to a well-known family business.  This SBA 504 project was for the construction and equipping of a new 20,000 sq ft building for Tawas Electronic and Appliance and Art Van to house a one-stop shopping for the Tawas community.

Art Van is expanding to small well-known family owned businesses to bring credibility to their franchise, which is good news for small businesses in Michigan.  And even better news is that this project creates new jobs to the Tawas area. 

For more information on Art Van , please visit www.artvan.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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Art Van Owosso, LLC

Schneider's Appliance is now a part of Art Van with financing help from MCDC.  Tom Lynch purchased Schneider’s Appliance in 1954 and has grown the business to a well-known family business.  A couple years ago, MCDC refinanced Schneider’s Appliance for Tom’s first SBA 504 loan.  The new SBA 504 loan was for the expansion of the building for an additional 10,140 sq. ft. building to add the Art Van franchise.

Art Van is expanding to small well-known family owned businesses to bring credibility to their franchise, which is good news for small businesses in Michigan.  And even better news is that this project creates new jobs in the Owosso area. 

For more information on Art Van , please visit www.artvan.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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ASI Packaging Co.

ASI Packaging was outgrowing their space that they were leasing, so they decided to purchase a larger building.  Art Hiler, owner since 1973, approached his loan officer at Fifth Third Bank, who suggested the SBA 504 Loan Program.  By using SBA 504, Art was able to purchase a building for only 10% down.  As an added benefit, he was able to lock in a low interest rate for 20-years.

ASI is a packaging expert for manufacturers.  Companies provide the packaging components, while ASI provides the labor, or they can put together the complete program.

ASI can blend, fill, cap, heat induction seal, batch stamp, label, carton and palletize for any company.   They can also blister pack filled containers.  ASI will return the finished product to the client’s warehouse or drop ship to the customer directly.

For more information on ASI Packaging Co,  please visit www.asipackaging.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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