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:

Lighthouse Early Learning Academy

Stacy Idema got her start in Early Childhood Education back in college at Western Michigan University, where she earned her BA, and followed up with several years in public elementary education as well as serving as a director of a childcare program at a local school.  Afterward, she started her own childcare facility under a franchise agreement, and by 2004, she was operating three facilities.  Upon the franchise agreement’s expiration in 2010, she formed Lighthouse Early Learning Academy whereby Stacy still operates, but now owns the three original facilities. In 2012-2013, she decided to add a fourth location in Byron Center.  Over the past few years, Lighthouse ELA has become a sound choice and reputable childcare facility for hundreds of children in West Michigan and Stacy plans to continue to grow the business over the next several years.

ELA has nearly 12,000sf with multiple classrooms, large family rooms, an activity room, a full kitchen and several other storage and office space.  The location is also unique in that the facility used its surroundings; rather than cutting and eliminating trees to make room for a playground, Stacy Idema incorporated the landscape design to create a secure, yet free space where children can let their imaginations “run wild”…literally!  Through a brand new location, Stacy Idema and her lender at 5/3 Bank partnered with MCDC and the SBA 504 Loan Program to allow for only a 10% equity injection, and this project not only assisted a woman-owned business, but also is slated to create 18 jobs.

For more information on Lighthouse Early Learning Academy and its locations and staff, please visit  For additional information on 53 Bank, please visit, and to see how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!


Lightning Litho, Inc

Lightning Litho is a printing company that is part of the Allegra Network, which includes two local stores in Charlotte and Lansing. Brad and Shirley Naghtin purchased the company in 1995 and are now operating at their capacity. In order to expand and become more resourceful, they purchased a new offset press to go along with their current equipment. This new cutting-edge press has allowed Lightning Litho to operate more efficiently and secure larger printing jobs. With the help of the MCDC SBA 504 Loan Program and PNC Bank, Brad and Shirley were able to purchase their printing press with only 10% down at a very low interest rate that is fixed for 10 years.

Little Eagles Learning Center LLC

Little Eagles Learning Center LLC
Schoolcraft, Michigan
Total Project:
MCDC Loan Amount: $66,000
Lender: Kalamazoo County State Bank, Scott Connelly
Job Impact: 6

LMH Sales, Inc (Liquid Haulers Maintenance)

LHM Sales, Inc (Liquid Haulers Maintenance) specializes in the construction and reconstruction of tank trucks and tank trailers for liquid cargo applications.  They also maintain a large selection of tank truck and trailer parts to keep their clients trucks and equipment in top working order.

Following his acquisition of LHM in 2012, new owner Tim Koning had been leasing the 17,280 sq. ft building, but he wanted to exercise his purchase option in his lease and being a former commercial banker himself, Mr. Koning wanted to accommodate his financing with SBA 504 to help conserve LHM’s capital to help fund other growth opportunities. With the help of his lender at Chemical Bank and MCDC, LHM was able to purchase the real estate with only 10% equity, and this project fulfilled a key Public Policy goal of assisting a business located in a Rural Area.

For more information on Liquid Haulers Maintenance 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!

To view more profiles, click here

Lodge of Durand, LLC

The Lodge of Durand, LLC a/k/a Pines of Durand is a 19,800 sq. ft. 20-unit full service assisted living facility with meals, laundry, housekeeping services and transportation to outside shopping, dining, and special events. The Pines of Durand is committed to providing the care people deserve in a professional, yet homelike environment. The owner, Dean Soldan, has used the SBA 504 Loan Program in the past to purchase Hope Landing in Charlotte, MI. He has extensive experience in the senior assisted living industry and decided to partner with the MCDC and Bank of Ann Arbor to benefit from a 20 year low rate financing loan with only 15% down.