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

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

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September 2021 Newsletter

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.

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August 2021 Newsletter

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

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NEW!! 504 Refinance Rules!

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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July 2021 Newsletter

This month we are introducing our new SBA 504 Underwriter, Michael Bartos to the Michigan Certified Development Corporation (MCDC). “Michael’s skills, qualifications and SBA experience are a great match for the requirements for this position” said President Mark Williams. “His addition is a tremendous gain to MCDC and for Michigan’s small business community.”

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June 2021 Newsletter

Our June Employee Spotlight is 504 Servicing Specialist Sheila Fales who works in the East Lansing home office. As a dedicated member of the 504 Funding Team, Sheila has been a quick learner and enjoys stepping in and helping out when needed. She has a pleasant disposition and has a wonderful rapport with the MCDC … Continued

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May 2021 Newsletter

This month we are introducing 7(a) Lending Associate Emily Kirby who joined MCDC in the fall of 2019. Emily has quickly worked herself into a significant part of the 7(a) Department that was instrumental in the first round of PPP, processing 591 loans for $77,828.591.

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April 2021 Newsletter

Scott Vroegindewey works with financial institutions, small business owners, economic development professionals and other referral sources. His primary focus is in the Southwest Michigan and Greater Grand Rapids area. With Scott’s extensive experience and expertise he incorporates all facets of the SBA Loan Programs to provide fixed asset financing from application to funding.

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March 2021 Newsletter

This month we are introducing Underwriter, Kaitlyn Kotesky-Muller who has been with MCDC since the fall of 2019. Kaitlyn is a key member of the underwriting team; working closely with the Loan Officers to properly structure a deal prior to submission.

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Thanks To You…

MCDC Has a Record Month in January 2021

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