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:

American Gymnastics Institute, Inc.

American Gymnastics Institute, Inc. (AGI) began in 2002 by husband and wife team Lawrence and Linda Miller.  AGI provides gymnastics training for recreational and competitive athletes with a focus on new skills, safety and having fun.  All of the coaches are safety trained and certified through USA Gymnastics. 

This project involves the purchase and addition of an existing building in Chesterfield Township.  AGI had been leasing their building since inception, and was able to purchase it with the help of Michigan Schools & Government Credit Union and the MCDC SBA 504 Loan Program.  After the addition, there will be rooms for dancing, hosting birthday parties and other events.  By taking advantage of the SBA 504 Loan Program, Lawrence and Linda obtained low rate financing with only 10% down.

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

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American Recycling

American Recycling Center, Inc. (ARC) has been in business since 1993 and is owned 100% by Larry Fisher, Jr.  ARC is a "clean" rubber recycler (no tire rubber) that provides premium rubber products for various surfacing operations such as athletic fields and playgrounds.  ARC is diversifying their operations by entering the wood pellet manufacturing business.  The manufacturing and sale of wood pellets is the fastest growing biomass fuel industry in the world.  This SBA loan was used to finance new equipment to produce wood pellets. 

Low rate financing and a fixed rate loan are benefits that Larry received from partnering with the MCDC.

American Waste

American Waste with headquarters in Kalkaska, began as Northern A-1 Sanitation Services, a family owned business over 30 years ago.  American Waste provides refuse removal and solid waste services across Northern Michigan from residential to commercial to industry disposal services in Grand Traverse, Emmet, Charlevoix, Antrim, Otsego, Kalkaska, Crawford, Wexford, Benzie, Leelanau, and Manistee counties.  The opportunity to purchase a 211,000 square foot building on 15 acres in Traverse City, as well as an adjoining building for their maintenance function, allowed for the consolidation of its three existing Traverse City facilities.  The new facility includes a receiving area for all incoming materials, a material handling, sorting, recycling and storage area.  The recycling operation, made possible by purchase of the new facility will reduce the amount of trash taken to the landfill by at least 50%. Definitely a substantial effect on our environment. The low fixed rate and the twenty year term allows American Waste to concentrate on making our world a little greener.

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

Amerihost Inn & Suites

This AmeriHost Inn & Suites was constructed in 2000. The 62-room hotel features an indoor pool, oversized whirlpool suites, complimentary in-room coffee service and expanded continental breakfast. The Kellogg Cereal City USA museum is across the street from the hotel. More than 750,000 spectators come to Battle Creek every summer for the International Hot Air Balloon Championships. A minority enterprise, this property satisfies a public policy goal.