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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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Niko's Import/Export, LLC

Niko’s Import/Export is an importer and distributor of hardwood flooring and cabinets used in residential and commercial buildings being constructed or renovated.  These products are sold on a national basis.  The business was started in 1998 by the Ivanaj family. The company has been leasing a building in Clinton Township since the company’s inception.  Due to the large decrease in commercial building values in Macomb County over the last few years, the Ivanaj’s decided that it would be a good time to buy their own building.  A suitable building was found on 23 mile in Macomb Township.  Taking advantage of the low building price and the low, long-term interest rates offered by the MCDC and the SBA, the company was able to make their dream of owning their own building happen.

For more information on Niko’s Import/Export, LLC, please visit www.nikosimportexport.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!


North Honda Motor Sports

North Honda Motor Sports is an exclusive full-line Honda dealer specializing in motorcycle, ATV, personal watercraft, and power equipment. Michael Bellisle purchased the Honda dealership in 1995. He turned a losing Honda franchise into the top sales store for the for the entire Upper Peninsula and North East Wisconsin region. Michael's son, Eric, started working for the business in 2005 joining his brother Todd whom had been active in the business for many years. With the help of the MCDC and Nicolet National Bank, the Bellisle were able to obtain the necessary financing to construct a new state-of-the-art facility and to meet the requirements to become a Honda Powerhouse Dealership, as outlined by American Honda Motorcycle Division. The business was able to upgrade from 4,000 sf showcasing 35 Honda products to 28,000 sf showcasing all 87 product lines that Honda carries along with the Honda Power Equipment.

For more information on North Honda Motor Sports, please visit www.northhonda.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!


North Pointe Development, LLC

North Pointe Development has owned a 533 unit self storage facility in Casco, MI since 1997.  The facility current has 11 buildings and has easy access to I-94.  27% of the inside storage space is climate controlled, and the facility also has 11 high-bay units.

Mr. Evans and Mr. Janusch were able to use the SBA 504’s refinance program to re-structure their debt with Talmer Bank, while replacing their existing short-term loan with a 20-year, fixed rate loan, thus protecting them against future interest rate increases.

For more information on North Pointe Development, LLC please visit  www.northpointestorage.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!


Northern United Brewing Company

Northern United Brewing Company is Doing Good Things for Michigan by creating over 200 jobs, buying local ingredients for its beer, and investing in the local communities.  Financing from MCDC made it possible for the founders of Jolly Pumpkin Artisan Ales to make their dreams come true.  This project involved creating a 70,000 sq. ft. brewing facility in Dexter where Northern United Brewing Company consolidated the brewing of all their beer under one roof.   

Northern United Brewing Company has worked with MCDC to open multiple locations and MCDC is pleased to be involved with their businesses. 

For more information on Northern United Brewing Company please visit www.nubco.net 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!


Northern Vending and Coffee

Twelve years ago Randal Rubin purchased Northern Vending and Coffee, an existing company that provided a wide selection of vending services.  The company offers beverages and snacks including healthy alternatives such as baked low fat chips and fruit snacks.  Customers can customize their vending machines with their own design and logo. The machines are equipped with card readers for cashless purchases, cleaned, stocked and maintained on a regular basis.  In addition to vending machines the company offers many different coffee products, water coolers and filtration systems.

Two years after purchasing the company more space was needed so the current location was acquired under a land contract.  The land contract was coming due and Mr. Rubin found himself in need of refinancing but discovered that conventional financing was difficult to obtain.  To further complicate matters, the decline in property values resulted in the land contract balance being more than the appraised value.  Using some creativity the bank in partnership with the MCDC and the land contract holder Mr. Rubin was able to put together a financing package that resulted in a long-term, stable payment structure that was affordable given a very low 20-year fixed rate on the SBA portion of the loan.    Mr. Rubin is thrilled with the end result – low cost, long term financing that does not require his attention for a very long time so that he can concentrate on his business.

For more information on Northern Vending, please visit www.northernvending.com, and for additional information on how Michigan Certified Development Corporation can help fund your business, visit www.michigancdc.org, Michigan’s #1 SBA Lending Partners


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