“We used Firstbank and the SBA 504 Loan Program from MCDC to finance our project on Mackinac Island because the combination worked so well in our prior projects. It was an easy choice to go with the same winning team for this one,"
The rental business is a seasonal industry and the timing of our acquisition was very important to the success of our company in the first year. Jack Johnson and the rest of the MCDC team understood the urgency and helped us secure our financing to meet our timelines. They made our loan process painless and we look forward to working with them on any future projects.
The company started their business in a small gas station. "My grandparents started with one machine, got some business, then started machining components and we grew from there. Today Master Automatic is Doing Great Things for Michigan! We have about 200 employees and we've invested in new technology. Our customers are rewarding us with new business, and with the skilled trades program we've established, it's really helping the company and helping Michigan."
"Our relationship with MCDC came at just the right time, and it was a great one. They helped us at a time when we need help. Economic times were difficult."
MCDC did a great job on pulling this whole thing together and made it very easy for us. It was pretty transparent and we are thrilled today. We have a 20-year mortgage that was put together in a difficult time period. We are still happy with it today. And, we don't have to worry about it anymore. We can stick to what we know best which is manufacturing and doing good things for the community."
“We were extremely pleased with the process of securing our SBA financing through MCDC for our new hotel property that recently opened in Saginaw. Prior to our relationship with MCDC, we had concerns with the amount of paperwork and the entire process of securing SBA financing. Therefore we were pleasantly surprised with our positive experience and the exceptional service we received from everyone we worked with at MCDC. We look forward to the opportunity to work with them on future building projects.”
"The SBA 504 was an excellent program and provided us a great opportunity to take advantage of a long term fixed rate. The construction process was very smooth with the lender, and MCDC made the process and final conversion seamless. If the opportunity becomes available for future projects, we would not hesitate to use the SBA 504 Loan Program again."
"We are Doing Good Things for Michigan by bringing in highly-skilled, well-paid jobs where people will have disposable incomes to spend money within the area. It's Doing Good Things for Michigan and the Great Lakes Bay area."
"Morley Companies has been around since 1863 and 2013 was our 150 year anniversary. In 2009, we had a dramatic increase in employees where we gained 375 people. Since then, we have increased to over 800 new employees. This doubled our footprint and created another 400-600 jobs associated with that building,"
"The first time we dealt with MCDC was during our building project in 2009. Our banking institution partnered with MCDC and the process went very smooth. The financing arrangement was very competitive and we had total cooperation from MCDC to complete the deal; and we completed on time."
Thank you. I feel very fortunate to have my dream office's finances secured with the SBA program. The fixed low rate is very much appreciated.
You and all of your people have been a pleasure to work with from the very beginning. Please pass my regards on to them.
Ace Companies LLC is a Minority Owned Aluminum Recycling and Smelting Company located in Benton Harbor, Michigan. We were pleased to have the MCDC assist us in obtaining an SBA 504 Loan during our efforts to purchase a plant in Benton Harbor. With the help of the MCDC we were able to develop a banking relationship, complete our purchase, hire 10 employees with plans to add 20 additional workers by December 2006. We would not have been able to complete our purchase without the Skill, Knowledge, and Experience of the staff at the MCDC.
We are in the final stages (could still fall thru, you never know, but we expect a purchase order this week) of acquiring a production machining line located in Romulus. This equipment produced connecting rods for GM, until their bankruptcy last year and was forced to close. Approximately 20 direct jobs and another 6 or 8 indirect jobs ended up in Mexico....if we're successful in completing this deal, we will be reopening this plant and start producing production connecting rods for a Conner customer named, Mahle, Inc. These rods will go in Chryslers 3.6 ltr engine.
This is a five year contract to produce 1.2 million parts a year with a selling price of $4.75 each. The tooling investment, shared by Conner and Mahle amounts to over $3 million....with a five year sales dollar of $27 million... this PO will be under Conner Engineering, plant two. We will leave the line in Romulus and lease the building for five years.
I believe you and Pete share in this, if not for your help in financing Conner Engineering we would not have had this opportunity.
These 25 plus jobs will be back in Michigan and most are technical/skilled workers and the pay scale reflects that.
Thanks again to both of you...
Marcia and Feras, Tara and I thank you again for a great experience in helping to finance Genesis Seven and ultimately Ark Animal Clinic. You both worked so well together and you kept us very well informed throughout the entire (fast) process. Certainly it appears that the timing of the loan could not have been better with regard to the interest rate! Hope you both have a good productive year.
"Working with MCDC and Old Mission Bank made the idea of building a new, high-tech office for my patients a reality."
"Our expansion of the Iroquois Cycle Shop has turned it into a business like none other in the country. Working with MCDC and Citizen's Bank helped me expand my business into Mackinac Island's premier bicycle rental shop."
"MCDC made the loan process hands-free, allowing me to focus on my business instead of loads of paperwork. Their great service and SBA loans allowed DiggyPOD to expand and prepare for future growth."
"MCDC's help made it possible for the Heritage to augment the existing services offered to the seniors in the Battle Creek community,"
"SBA financing through MCDC made it possible to manage our cash flow effectively and move into a new facility. Their assistance made it possible for Synchron Laser to continue growing despite expansion of our facility."
"Working with MCDC and Citizen's Bank was an extremely positive experience. They provided us with a terrific solution to make our expansion happen quickly and we are extremely pleased."
"Working with MCDC significantly reduced the risk out of investing in my business for Chemical Bank. Without their assistance in securing financing, acquiring my business would not have been possible."