COVID-19 EIDL Program Notice
The COVID-19 EIDL Program is not accepting new applications, increase requests or reconsiderations
May 2022 Newsletter
A key component of what we do at Michigan Certified Development Corporation is economic development, specifically job creation.
3 Advantages of Receiving a Start-Up Loan
Many start-ups don’t see their operations beyond the second year due to the high cost of starting and running their operations. In fact, only 48% of small businesses overall have their financing needs met according to Fundera.com. Most small business owners consider loans instead of grants like an smb startup grant because of the many … Continued
April 2022 Newsletter
In the face of an on-going pandemic, fiscal 2021 turned out to be a record volume year for 504 loans. The SBA 504 Loan Program reached the $7.5B cap for regular 504 loans (excluding refinance without expansion) in early September.
How Can I Get a Small Business Start-Up Loan?
The US is home to more than 32 million small businesses accounting for 99.9% of all US businesses. Over 902,000 of these businesses are in Michigan. Due to the pandemic and tough economic times, you may be looking to secure small business loans in Michigan. How you prepare for an application or pitching plays a … Continued
March 2022 Newsletter
We continue our Spotlight Interview series where we ask our employees what they like about working at MCDC and how they spend their free time. This month we are introducing Charlotte Hart, 7(a) Associate.
February 2022 Newsletter
One of the favorite things we’ve been doing in our newsletters is highlighting one of our staff members. We always take pride in the great work that they do and we like to take a moment each month to share a little bit about them. This month, we’d like to recognize Jenifer Parr
Michigan Small Business Loan Qualification: Credit, Cash Flow, History
When you’re applying for any kind of small business loan, just like any other major loan type, there will be a few major factors that influence whether or not you and your business qualify. Knowing these in advance is vital, as it helps you prepare the certain areas so you’re likely to be approved for … Continued
Steps to a Small Business Loan: Collateral, Comparisons, Application
In part one of this two-part blog series, we went over some basics on the steps involved in obtaining a small business loan. Whether you’re going for an SBA loan or some other type of small business loan, following the right basic plan will ensure you cover all the important details and receive the financing you … Continued
January 2022 Newsletter
Our experienced SBA lenders are committed to finding the right loan program for your client’s needs. We’ll help make the process easy from start to finish; you can count on us.