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:

Ann Arbor Rent-All LLC

Ann Arbor Rent-All LLC (formally A-1 Rental, Inc.) has been a family owned business since 1950 and has over 45 years of service in the Ann Arbor region.  Douglas and Stephanie Schoch, who ran a competitor rental company, were eager to purchase Ann Arbor Rent-All when the opportunity arose because it gave them growth opportunities and put them in a better location. This SBA 504 project was for the purchase of a new building, renovations, and new equipment. 

As Douglas and Stephanie continue to operate both businesses with high visions and standards they are now becoming established as one of the premier rental companies in Southeast Michigan.  This project meets a Public Policy Goal of assisting businesses owned by women as well as providing new jobs. 

For more information on Ann Arbor Rent-All, LLC  please visit www.dexterrentall.com.  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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Annie's Children Center

Annie's Children Center was purchased in May 2003. Since that time, Deborah and Allan Barnes have operated the Center out of leased space. In 2006 the Barnes successfully utilized the SBA 504 Loan Program to purchase the land and building they had been renting. This made good economic sense for the business, and since they didn't have to move to purchase a building, they had no interruption in service.


Apollo Family Restaurant

The Apollo Restaurant was established over 30 years ago. The current owners have built the business into a great success and a Davison area icon. They decided to retire and sell the business to their nephew Tom Stavridis, Cousin Alex Karatza and friend George Popoff. The three new owners reflect over 60 years of experience in the restaurant world. They are planning to make improvements to the Apollo by keeping it open 24 hours a day. They also plan to include catering and banquet facilities. This purchase was made possible with the help of Franklin Bank and MCDC's SBA 504 Loan Program.


Appletree Learning Center

Appletree Learning Centers is a well known day care center that was started in 1998 by Bridgett Tubbs. Appletree’s philosophy is to provide an opportunity for growth and development in a safe and nurturing environment.  Now running as a franchise, there are several Appletree Learning Centers across Michigan, with more being added every month.

Bridgett requested to use the SBA 504 Loan Program with MCDC for a 4th time to finance the purchase of a building, as well as the purchase of new equipment.  By using the SBA Loan Program Bridgett, was able to purchase her building with only 10% down. 

For more information on Appletree Learning Centers please visit www.appletreekids.cc  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!


Appletree Learning Center

To say that Appletree Learning Centers and Gilden Woods have “it” established, would be a modest statement.  As the successful daycare and preschool company grows, well beyond its 15th year, Mrs. Bridgett Tubbs-Carlon and her group continue to carry the flag within its industry.  As the Appletree and Gilden Woods footprint grew in West Michigan, they utilized the SBA 504 Loan Program, for a 3rd time, on the acquisition of their center on Grand Rapids’ northwest side (Knapp & East Beltline).

Using the SBA 504 Loan Program has become a key success for Appletree and Gilden Woods’ growth, as they are able to continue to place centers in desired markets without sacrificing capital to help the centers’ operations while enrollment is established.

For more information on Appletree Learning Centers please visit www.appletreekids.cc  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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