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:

Loyalty Insurance Services Inc.

Loyalty Insurance has been in business for over 50 years.  They are an independent insurance agent offering both personal and business policies such as life, health, auto, RV, disability, and business insurance.

The company was leasing its current facility since 1992.  Recently, they had the opportunity to purchase the facility.  By using the SBA 504 Loan Program, the company was able to make the purchase with 10% down and enjoy the 20 year fixed interest rate.

For more information on Loyalty Insurance, 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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Lux Funeral Home

Lux Funeral Home of Mt. Pleasant has been in business since 1938, and has been owned and operated by a member of the Lux Family from its inception. Charles R. Lux Jr. has been involved in the Funeral Home business since he was a young man. His great-grandfather and grandfather started the business. His grandfather then became the 100% owner and operator of the business, as did his father, and now him. The business has been a fixture in Mt. Pleasant for 68 years, but has run into problems with accommodating for large funerals. The new building was constructed so that the funeral home can conduct large or small funerals and provide more services for their clients. With the SBA 504 Loan Program, Lux obtained 85% financing and a low, fixed interest rate.

Luzerne Express

Luzerne Express is the end result of the relocation and expansion of the Luzerne Mini-Mart. The move allowed significant expansion of the business into a small grocery/large convenience store. The product line was expanded to include gasoline, diesel fuel, kerosene, shower facilities for truckers and campers, laundry facilities, fast food, and additional products in the grocery and sporting goods area. The grocery portion of the store features products from IGA Express. This project met the SBA public policy goal for rural development. Thanks to the project, the local population of this rural area has a better and closer option for their grocery needs.

Mac Xpress, LLC

Mac Xpress, LLC
Chesterfield, Michigan
Total Project:
MCDC Loan Amount: $146,000
Lender: Flagstar Bank, Bryan Riley
Job Impact: 10

Mackinac Chocolate Company LLC

Ira Green is familiar with the SBA 504 Loan Program since this is his second project with the Michigan Certified Development Corporation!   Ira Green owns multiple businesses throughout Northern Michigan with several located on beautiful Mackinac Island.   Mackinac Chocolate Company offers a full line of candy and fudge for the one million tourists that visit the beautiful island every summer.  It is THE spot to stop after a leisurely bike ride around the Island.

Mr. Green will again benefit from a 4.61% fixed rate for twenty years using the SBA 504 Loan Program, MCDC, and Citizen's National Bank.

For more information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!