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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MSA Delivery Service

MSA Delivery Service was started by Jerry and Marion Rozum in 1992. Mr. and Mrs. Rozum have been in the trucking business for over 25 years and have grown MSA Delivery Service to the point of needing a larger building for their 50 trucks, 75 trailers and 65 employees. The purchase of their new building was financed through the MCDC SBA 504 Loan Program, in partnership with JP Morgan Chase Bank. MSA offers a wide variety of delivery options for their clients, some which are 50 ton moves. With the help of JP Morgan Chase Bank and MCDC Jerry and Marion Rozum were able to finance their new building while keeping their deliveries on time.

Munising Terrace Motel

Munising is popular with toursists, hunters, fisherman and snowmobilers; all of whom are the typical clientele of the Munising Terrace Motel. The 18-unit Terrace Motel located in downtown Munising offers cable television, wireless internet, a kitchen, and a recreation room. There is also a garage available for visitors who need to perform snowmobile maintenance. Larry Baur's dream was to own and operate a motel in the Upper Peninsula and when the opportunity arose to purchase The Terrace Motel, he contacted Michigan Certified Development Corporation. Larry was able to obtain a low fixed rate for 20 years with the SBA 504 Loan Program.

National Bronze Manufacturing Company

National Bronze was originally founded in 1911 and purchased by the current owners in 1984.  The company is a manufacturer and distributor of bronze bushings, custom bearings, bars tubes and plating.

The company used the SBA 504 Loan Program to purchase a 19,232 sq ft building in Roseville to give them the space needed to expand their business and take care of their customer’s demand.  By using the program, they were able to purchase the building with 10% equity and received a long-term fixed interest rate.

Nature's Edge Fine Stone Products, LLC

Nature's Edge provides design, consultation, fabrication, and installation services for granite, marble, and engineered stone products.  Owner, Ron Hagelstein, started Nature’s Edge in 2005.  He has 22 years of experience in this industry.  

They have been operating in a much smaller facility in Traverse City in an industrial area. This new facility has doubled their work space and provided for a retail/wholesale showroom with great exposure on M-37 just south of Traverse City.  The project also included the purchase of a state of art stone cutting saw.

For more information on Nature’s Edge Fine Stone Products go to 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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Naturopathic Institute of Therapies & Education

Since 1995, Bessheen and James Baker have owned the Naturopathic Institute of Therapies and Education (N.I.T.E.). The couple also owns two other businesses: Herbs Etc., Inc. and J. Wesley Photography. Bessheen Baker, through the guidance of her mother, took an interest in nutrition, herbs, and the study if iridology. It wasn't long before Bessheen and her mother, Nancy Foder, were studying and taking courses from herbalists, chiropractors, and naturopaths. In her teenage years, Bessheen became aware of how difficult it was to get an education in natural health. From this awareness, she built a school for true naturopathic training, where people of all age groups and educational backgrounds could come together and create a foundation of understanding. With the SBA 504 Loan Program, the Baker's were able to finance their new location for 20 years and only 10% down. The new location allows more students to be admitted, allowing up to 30 students per session.

For more information on Naturopathic Institute of Therapies & Education, 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!