Funded Projects

The SBA 504 Loan Program provides healthy small and medium-sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets. Projects are financed through a unique public/private partnership that involves private lenders financing 50% of project costs, MCDC covering up to 40% of project costs, and small businesses investing at least 10% of project costs. By taking a secondary collateral position on project assets, SBA provides a “collateral cushion” for the primary lender and reduces the amount of equity normally required of the borrower.

Filter Projects:

45th Parallel Enterprises L.L.C.

Started by husband and wife Timothy and Bridgett Lambdin, 45th Parallel Enterprises L.L.C. is a small business in Suttons Bay that’s been around since 1996.  Since inception, Tim and Bridgett have leased their space, but then they had the opportunity to purchase it.  45th Parallel Enterprises operates both 45th Parallel Cafe and 45th Parallel's Candy World out of two adjacent condominium suites located in a perfect location on Broadway.  The cafe offers breakfast specialties, salads, soups, sandwiches, burgers and gourmet coffee while the candy shop offers a selection of fudge, popcorn, giant apples, gift baskets, all which can also be purchased online. 

This project meets a Public Policy Goal of aiding rural area businesses development is and 50% women owned.  With the help of the SBA 504 Loan Program, Tim and Bridgett purchased the building with a low down payment and fixed interest rate for twenty years. 

For more information on 45th Parallel Enterprises L.L.C., please visit  or  For more information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!

9 Bean Rows – Bakery and Cafe

New to Suttons Bay, 9 Bean Rows opened their doors in July, 2013. Previously located in Traverse City, the café has been a local favorite providing award winning bakery products since 2008.

9 Bean Rows owners, Jen and Nic Welty, have expanded their operations with the help of MCDC and First National Bank of America.  New Chef, Paul Carlson, has expanded the menu to now include a more diverse lunch and dinner menu.  The Welty’s also own a farm in Northport which provides food items directly to the new Café.

9 Bean Rows products can also be purchased at local farmers markets, through a CSA, or at their website

For more information on how Michigan Certified Development Corporation can help fund your business, please visit, Michigan’s #1 SBA Lending Partner!

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A&W Restaurant

Bill and Kim Strohkirch have owned and operated an A&W Restaurant in Standish since 1979. They also manage five Little Caesar's Pizza locations in the Midland area. Having such success and recognizing an opportunity, Bill and Kim constructed a new building and purchased new equipment for an A&W Restaurant in Midland. A&W features a menu of burgers, chicken sandwiches, Coney dog fries and onion rings. The signature item is a root beer float served on soft serve vanilla ice cream. YUMMY! With the help from MCDC and Citizens Bank this successful team was able to obtain a low fixed interest rate with only 10% down.

A-Z Motors, LLC

A-Z Motors, LLC
Roseville, MI
Total Project:
MCDC Loan Amount: $244,000
Lender: Flagstar Bank, Nicole Wright
Job Impact: 6

A-Z Storage at the Fork, LLC

A-Z Storage at the Fork, LLC
Paw Paw, Michigan
Total Project:
MCDC Loan Amount: $226,000
Lender: Lake City Bank, Patti McNarney
Job Impact: 1