November 2021 Newsletter

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Since Chris Polhamus started at MCDC in the summer of 2017, her experience and knowledge have been extremely valuable to MCDC’s 7(a) Lending Department.

Comparing Michigan Business Loans and Lines of Credit

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Small business owners have multiple methods to consider when funding their growing business needs, two of the most well-known methods are small business loans and lines of credit. Both these benefit borrowers in different ways, but some may have an interest in both — is this a possible scenario?  At Michigan Certified Development Corporation, we’re … Continued

MCDC Cares Program & Greater Lansing Food Bank

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Thanks to you and MCDC employee fundraising efforts the MCDC Cares Program was able to raise $1,650. along with food donations to the “Greater Lansing Food Bank” during our 2021 Annual Lender Golf Outing.

MCDC 2021 Year End Results

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MCDC recently wrapped up an outstanding year of loan production helping more than 250 small businesses gain access to much needed capital.

Small Business Loan Mistakes: Terms, Purpose and Shopping

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In part one of this two-part blog series, we went over some of the most common mistakes business owners and managers make when applying for small business loans. This is a process that requires some detail and precision, and there are a few specific errors you want to stay away from as you’re dotting your i’s … Continued

October 2021 Newsletter

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Ann Arbor based Senior Loan Officer, Jack Johnson who covers the southeast Michigan territory for MCDC is our October Spotlight!

Small Business Loan Mistakes: No Plan, Poor Credit, Wrong Type

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Financing is a vital component for many small businesses, and small business loans are one of the primary methods you have for obtaining it. The process of applying for a small business loan involves some specificity and detail, and there are a few errors or mistakes you want to steer clear of as you’re navigating … Continued

September 2021 Newsletter

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Enjoy our Annual Golf Video. The outing is one of the ways we thank our lending partners that partner with us in assisting small businesses with financing. Reserve your place in next year’s outing by bringing us a project.

August 2021 Newsletter

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In case you missed the Big News! On July 29, 2021, the Small Business Administration (SBA) published the regulations for the new 504 refinancing rules signed into law by the Economic Aid Act. This will significantly expand the usefulness of 504-debt refinancing programs to assist small businesses in their recovery and growth. HERE is more … Continued

NEW!! 504 Refinance Rules!

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At MCDC we believe in providing timely and accurate information to our lending partners. After much anticipation, the Small Business Administration (SBA) published the new interim final rules for 504-debt refinancing programs as authorized under Section 328 of the Economic Aid Act on July 29, 2021. The new rule is effective immediately. The updated regulations … Continued

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