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.

Funded Projects

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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 Paint Company

Brothers Tony and Bob Anderson are third generation owners of the Anderson Paint Company in Ann Arbor. Their grandfather established the business in 1951. Anderson Paint is a retailer and wholesaler that has a well established reputation in the area. They are currently operating out of four locations and purchased this building in order to consolidate two of those locations, and to serve as their new headquarters. Ann Arbor Commerce Bank and MCDC's SBA 504 Loan Program were able to help the Anderson brothers with this purchase with a fixed interest rate with only a 10% down payment.

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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Animal Crackers Pet Salon, LLC

Animal Crackers Pet Salon offers kenneling, training, doggy daycare and grooming.   Not having any experience in pet grooming, Kelly worked without pay as a groomer in order to learn the trade.  After a year of training, she then decided to start off small and leased a space to start her own business.  Over the years she built up her clientele, grew the business and started leasing larger spaces.  The landlord eventually offered to sell her the building.  Kelly couldn’t pass up the opportunity to enlarge her space, hire more employees and build more kennels.  She now has enough space so clients can walk in and out of the kennels to visit their pet at any time.

Kelly put long-term growth ahead of immediate riches and it definitely paid off. By partnering with MCDC on the SBA 504 loan program, Kelly was able to purchase her building for only 10% down.  She also received a low fixed interest rate for 20 years.

For more information on Animal Crackers Pet Salon, LLC, please visit and 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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Animal Health Clinic, P.C.

Animal Health Clinic has been in business in Fenton since 1989. It is owned by Sandra Smith, D.V. The clinic specializes in treating small animals, mainly cats, dogs, and other household pets. Due to growth, the owner purchased a building and renovated it. The new building has 8 treatment rooms, an operating room, isolation room, and a surgery room. There is also a grooming service and a pet physical therapy business in the building. The new space has allowed Dr. Smith to increase her capacity and hire new employees. By partnering with MCDC and the SBA 504 Loan Program, Dr. Smith was able to take advantage of a low fixed rate offered by the program, as well as a low equity requirement.