1st State Bank
This was a loan that we would have done without the SBA 504; however, Blasius wanted to take advantage of the lower down payment and low long-term rate offered by the SBA 504 Loan Program.
First Federal of Northern Michigan
It was a pleasure working with MCDC to put together a financing package that meets the needs of Austin Brothers Beer Company. Darlene knew the programs that were available extremely well and worked with us to complete everything in a timely manner.
MCDC helped make this project possible and worked side by side with us from beginning to funding. It was nice to have the MCDC team work on the SBA 504 portion to help us put this package together. It was a great team effort.
Consumers Credit Union
We really enjoy working with the MCDC team.
McNally Development, LLC
“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,"
“When Jack and Kevin came to FirstMerit Bank with their request, I knew we wanted to work with them. Their enthusiasm and care for their customers was evident and their new location would be a nice addition to the area. After reviewing some options, the SBA 504 Loan Program seemed to be the best fit for them.”
"JPMorgan Chase was excited to work with Douglas Family Vision, P.C. who has a long history in the Saginaw community to help them expand and grow their business."
“Working with MCDC on this project was easy and mutually beneficial for both West Michigan Eye & Laser, P.C. Chemical Bank. The customer benefited from better terms on both the MCDC portion and the bank portion compared to traditional financing. Another benefit was the smaller equity injection required from West Michigan Eye & Laser.”
"Working with the MCDC, we found the ideal program to continue the expansion of a historic Michigan business. It's been a rewarding project to work on with Eric Kehler at the MCDC, who does a fantastic job of simplifying the process for everyone involved."
River Valley Bank
MCDC helped every step of the way through the entire process. Everyone involved has been very impressed with the knowledge and expertise of Darlene Merritt and the entire MCDC staff.
By working with MCDC we helped The Post Local Bistro find the perfect SBA option to help with financing a historic small business in Plymouth. It's been a rewarding project to work on with Jack Johnson at MCDC.
When Jim and Dennis came to us with their request, their enthusiasm and care for their customers was evident and were excited about the opportunity to come to Ann Arbor. The SBA 504 Loan Program through MCDC was an attractive financing plan they could use.
Through the assistance of MCDC, we found the SBA 504 Loan Program (with lower down payments and beneficial long term interest rates) to be the best fit for this startup company. Scott Vroegindewey and the rest of the staff of MCDC was very helpful throughout the process.
Traverse City State Bank
As a commercial loan officer I'm proud to help a small business succeed because they are critically important to the health of the economy in northern Michigan.
When Dr. Bosworth contacted me with his request, I knew we wanted to work with him. His care for his patients was evident and the new location would be a nice addition to the Okemos area. After reviewing some options, the SBA 504 Loan Program seemed to be the best fit.
Old National Bank
When Ron, Ed and Mark came to us with their business plan, they were excited about purchasing the old church building on Ann Arbor Street. We knew the SBA 504 Loan Program offered by MCDC would provide low cost financing plus offer the security of the long-term loan as it's amortized over 20 years. We recommended they work with Jack Johnson who took it from there and made it very easy for everyone involved.
Ann Arbor State Bank
I've partnered with MCDC for many years and they're always willing to go the extra mile to help, so when Oscar approached me I knew MCDC could help with his financing needs. Oscar has run a top notch bicycle shop in Ann Arbor for several years and I knew that the community needed him to continue his presence. I've dealt with Oscar myself for my family's bicycle needs and being familiar with the SBA 504 Loan Program through MCDC, I recognized that they would be able to offer an attractive financing package for Oscar.
Mercantile Bank of Michigan
"By partnering with MCDC, we were able to develop a financing package that met the needs of Spencer Plastics, allowing them to expand into the Cadillac area to take advantage of the tremendous growth opportunities afforded by the rapidly recovering auto industry. Without the expansion, they simply would not have been able to meet customer demand. Through the expertise and leadership of Darlene Merritt, MCDC helped Spencer Plastics complete this project in a timely and cost effective manner"
Ann Arbor Rental-All LLC
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.
Master Automatic Machine Company, Inc.
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."
Citizens National Bank
"The MCDC helped make this project possible and worked side by side with us from the beginning to the debenture funding date. With the normal construction financing technicalities, it was nice to have the MCDC team work on the SBA 504 portion with minimal effort on our end. Working with the folks from the MCDC was basically seamless."
Davis Lodging VI, LLC
“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.”
Tapper Ford LLC
"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."
Morley Companies Inc.
"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."
Penny S. Flury, DDS, PC
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.
American Compounding Specialties
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.
Kalamazoo County State Bank
"The 504 program gave us the opportunity as a small community bank to fund a loan for a new Chevrolet dealership from our area that was previously a forth generation owned business, allowing us to keep it in our community. This was a win - win for all involved thanks to the MCDC and Scott Vroegindewey for all his expert assistance in bringing this all to fruition."
Richardson Holding Company
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...
"Working with MCDC? It's a piece of cake. Eric Kehler at MCDC made it really simple; he was always there to help. It was a very smooth process overall."
Ark Animal Clinic LLC - Genesis Seven
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.
Huntington National Bank
"The process of working with MCDC ran really smooth. Although there were challenges with the building and environmental issues, Mike Ufford handled everything really well. He made sure that the process kept going according to plan, and I was very happy to have been a part of the transaction. I would never hesitate to work with him and MCDC again."
Dr. Kevin P. Cooper DDS, PC
"Working with MCDC and Old Mission Bank made the idea of building a new, high-tech office for my patients a reality."
Mackinac Island Bike Shop
"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."
Here at Chase, we are Michigan's #1 SBA lender. We regularly tap the expertise of the Michigan Certified Development Corporation (MCDC) and our lenders appreciate that expertise and professionalism. The MCDC staff is highly knowledgeable in SBA guidelines and regularly demonstrates a creativeness in getting the deal to the finish line. The MCDC states that customer service is numbers 1 and they prove it with every SBA 504 deal.
Michigan Small Business Technology & Development Center
The MI-SBTDC is pleased to add the services of the MCDC to its toolkit. Referrals to the organization are answered promptly and professionally by skilled staff. Our clients appreciate the time and effort spent on their behalf by the MCDC staff. Our counselors "call them early" and "call them often" for assistance with SBA 504 lending.
"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."
KeyBank is the10th largest SBA 504 lender in the U.S. and the only Michigan bank in the top 10. We frequently partner with MCDC for SBA 504 loans in Michigan. The MCDC staff is experienced and knowledgeable, responding to our questions and needs quickly and accurately. MCDC has streamlined the 504 approval and closing process so that it is very similar to using conventional financing.
"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."
Community Shores Bank
It's helpful to have access to people who can explain how the details of the program apply to the many lending scenarios that arise. MCDC makes the whole process quick, easy & convenient.
"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."
Capitol Bancorp Ltd is a multi State bank holding company. We have the opportunity to work with many CDCs nationwide, and MCDC ranks among the top in approval turnaround time and efficient closings. We frequently call on MCDC's knowledgeable staff for eligibility clarification and assistance in structuring a loan to fit the 504 program. They truly strive to meet their customers' needs.