November 2024 Newsletter
MCDC November Holiday Hours
MCDC’s SBA Conference
MCDC’s SBA Conference was a huge success! Thank you to all the attendees, speakers and vendors for their contribution, presence and participation. The entire attendance was over 150+ from all regions of lower Michigan
How Michigan Businesses Thrive with SBA Loans
Michigan, known for its rich industrial history and diverse economy, has seen a resurgence in entrepreneurial spirit over the past decade. One of the key factors fueling this growth is the availability of Small Business Administration (SBA) loans. Small business loans provide crucial financial support to small businesses, allowing them to thrive in a competitive … Continued
How to Apply for an SBA Loan in Michigan: A Step-by-Step Guide
If you’re considering a startup loan to help fund your business in Michigan, the Small Business Administration (SBA) offers various options that could be beneficial for you. One such program is the CDC/504 Loan Program, which provides long-term, fixed-rate financing of up to $5 million for major fixed assets that promote business growth and job … Continued
October 2024 Newsletter
We are thrilled to share the success of our recent 25th Annual Lender Appreciation Golf Outing held at Hawk Hollow Golf Course in Bath. Thanks to the incredible support from lenders all over the state, we raised an impressive amount for the Wounded Warriors Project!
What Makes SBA Loans Advantageous Compared to Other Financing Options?
Small Business Administration (SBA) loans offer numerous advantages over other financing options, making them a highly attractive choice for small business owners seeking capital. These small business startup loans in Michigan are designed to provide accessible funding to help businesses grow, expand, and manage operational expenses effectively. Here are some key benefits that set SBA … Continued
Navigating the SBA Loan Process During Economic Uncertainty in Michigan
In times of economic uncertainty, securing financial support becomes a crucial aspect for the survival and growth of small businesses. For Michigan entrepreneurs, navigating the Small Business Administration (SBA) loan process can be a lifeline. The SBA offers a variety of business loans in Michigan designed to address different business needs, and understanding these can … Continued
SBA Loan Forgiveness Programs: What Michigan Business Owners Need to Know
Small Business Administration (SBA) loan forgiveness programs have become a lifeline for many Michigan business owners navigating the complexities of financial recovery. As companies strive to stabilize in the aftermath of economic challenges, understanding the intricacies of these programs is crucial. In this article, we’ll delve into the essential aspects of SBA loan forgiveness that … Continued
Tips for Maximizing the Benefits of SBA Loans for Your Michigan Business
Small Business Administration (SBA) loans can be a game-changer for your Michigan business, providing the necessary capital to fuel growth, expand operations, and weather economic hardships. With various SBA loan programs available, understanding how to maximize the benefits can significantly contribute to your business’s success. This blog post highlights essential tips to help you make … Continued
Why Your Business’s Net Worth Is Important When it Comes to Loans
When you’re exploring financing options like 504 SBA loans for your business, one of the key factors lenders look at is your net worth. But what exactly does that mean? Your net worth is simply the value of everything your business owns, minus the total liabilities or debts. This provides a snapshot of the financial … Continued