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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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Newco Industries, LLC - Real Estate

Newco Industries is a full service metal fabricator which began operations October 1, 2004. Newco has the capability to handle the entire material handling fabrication needs from small brackets and plates to structural supports, stairs, handrails, chutes, and worktables, as well as large platforms. This requires cutting, welding, piercing, drilling, forming and painting custom metal parts. Newco is able to provide the full range of fabrication services under one roof, which in turn enables them to offer lower prices and shorter turn-around times for the customer because shipping to and from multiple sources is not necessary.

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


Nexcess.Net LLC

Christopher Wells started Nexcess.Net in 2000 and gradually built a solid foundation for the company. With years of hard work and dedication Nexcess has developed the need to expand to a 3rd location in Southfield. Based on their dramatic growth, they reached capacity in their current buildings and are in need of another one. Christopher purchased and renovated the building on Melrose Ave for an operations and a second datacenter for Nexcess. The new location is a 16,000 sq ft single story with plenty space for expansion. Nexcess was able to affordably finance this project with a long-term fixed-rate loan through the MCDC SBA 504 Loan Program. This was also financed by Huntington National Bank.

For more information on Nexcess.Net LLC, please visit www.nexcess.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!


Nextrinsic Corp.

Nextrinsic is minority-owned premier executive search, professional placement, contract staffing, and consulting firm that specializes in the top-tier engineering, healthcare, finance, and information technology talent.  Nextrinsic was established in 1994, and initially focused on technology consulting services.  Since then, they have continued to expand their capabilities to become a top quality professional services firm.

Owner, Jon Chang, was looking to move his office from his small leased space to a larger building he could purchase.  Jon found this nice building in a great location, and it already had several tenants.  By using the SBA 504 Loan Program, Jon was able to purchase and renovate the building for 10% down.

For more information on Nextrinsic please visit www.nextechps.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


Niagara Logistics, Inc.

Niagara Logistics, Inc. (NLI) is a regional trucking company engaged in both long and short-haul trucking. The business primarily services the paper, automotive parts, and food markets. The company was founded in 1994 and is located in Escanaba, Michigan. NLI used the SBA 504 Loan Program to finance the purchase of a 151,258 square foot warehouse facility on 80 acres in neighboring Gladstone, Michigan. the purchase of this warehouse is a natural extension of NLI's business and makes them one of the largest trucking and warehousing companies in the Upper Peninsula of Michigan. As a rural-area business, NLI was able to use a public policy goal to increase the SBA's participation.

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


Nienhuis Financial Group, LLC

It would be an understatement to say that Doug Nienhuis and the experienced staff at Nienhuis Financial Group are truly a client’s partners and business consultants in not only accounting, bookkeeping and tax assistance, but they also help oversee what a corporate CFO may be involved in – such as IT, HR, and working with outside firms on investment/retirement services, banking/financing solutions, legal counsel, and insurance planning.  In a nutshell, Nienhuis Financial Group aims to be a client’s outsourced “true CFO”, without the expense of having an internal CFO, which is what founder Doug Nienhuis aimed to establish in 1995 following his 15 years as a CFO for a manufacturing firm and, prior to that, his career in public practice at a regional accounting firm.  This same philosophy is also shared by practice partner, David Meyers, who joined Nienhuis Financial Group in 2002 after several years as a CPA at two large accounting firms.

After purchasing Nienhuis Financial Group’s practice building in 2004, management undertook major renovations in 2006, and presently sought the assistance of the SBA 504 Temporary Refinance Program to lock in a substantial amount of the real estate financing for a 20-year period at a below-market interest rate.  In doing so, Nienhuis Financial Group was also able to move its business banking relationship to a different bank, 53 Bank, who not only provided excellent terms and service and turn-around for the SBA 504 real estate refinancing project, but also was able to offer better terms on some of Nienhuis Financial Group’s other financing and depository requirements, thereby cementing a solid relationship for both the borrower and the bank for years to come.


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