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:

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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Atkinson, Petruska, Kozma & Hart PC

Atkinson, Petruska, Kozma & Hart PC, a law firm consisting of four partners, has three locations in northern Michigan to serve their clients. They have leased their Gaylord space for quite some time and after looking into several possibilities they decided to build their own building in an office/condominium park north of Gaylord. This project was for the construction of a new building in Gaylord, MI. The construction of this building created 2 new jobs that added to the existing 13 jobs. With the help of the MCDC and Citizens Bank, the firm was able to secure low-interest funding with only 10% down payment.


Atlantis Financial Group, Inc

Incorporated in 2002, Atlantis Financial Group, Inc. (AFG) is a wholesale mortgage company owned by Jason Yourofsky.  In order to grow the business, Jason knew he needed more space.  He found a building a few miles away that was ideal with enough space to add more brokers and support staff.  He immediately contacted his lender at KeyBank who suggested using the SBA 504 Loan Program through MCDC.  By partnering with MCDC, Jason was able to purchase and renovate the building with only 10% down.  In addition, he received a low fixed interest rate for 20 years. 

For more information on Atlantis Financial Group, Inc. please visit www.atlantismortgage.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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