MCDC 2021 Year End Results
MCDC recently wrapped up an outstanding year of loan production helping more than 250 small businesses gain access to much needed capital.
Small Business Loan Mistakes: Terms, Purpose and Shopping
In part one of this two-part blog series, we went over some of the most common mistakes business owners and managers make when applying for small business loans. This is a process that requires some detail and precision, and there are a few specific errors you want to stay away from as you’re dotting your i’s … Continued
October 2021 Newsletter
Ann Arbor based Senior Loan Officer, Jack Johnson who covers the southeast Michigan territory for MCDC is our October Spotlight!
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
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.
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
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
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.”
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
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.