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Common Challenges Among Small Business Owners

Small business owners often face challenges that larger business owners don’t have to deal with. According to Nerd Wallet, when it comes to having their financial needs met, only 48% of the small business owners polled responded affirmatively. Fortunately, business loans in Michigan are available to owners and operators of small businesses through the Small … Continued

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August 2023 Newsletter

Long-term, below-market fixed interest rates are what inspired entrepreneurs Tom Dolaskie IV and Darrin Hubbard to partner with MCDC’s Senior Loan Officer Todd Horton for a 2nd time. Their first SBA 504 project was with The Roam Inn & Tracey’s Restaurant located in Munising. The second project involved one of their other successful Munising Restaurants, … Continued

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July 2023 Newsletter

Owners, Chad Dingman and Alexander (Alex) Galeczka purchased a much needed larger building for their expanding sports dealership. LaBaron’s Power Sports Inc is one of the largest power sports dealers in the state and is known for its unbeatable prices on equipment and customer service.

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June 2023 Newsletter

It was the great inventor Thoma Edison who inspired Tecla Company, Inc.’s founder Thomas E. Clark to start his own small business.

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May 2023 Newsletter

In 2016, Munising Native/Business Owner Thomas Dolaskie IV and his business partner Darrin Hubbard worked with Peoples State Bank of Munising to purchase and renovate a vacant property now known as the Roam Inn & Tracey’s Restaurant.

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April 2023 Newsletter

A love of sports cycling is what motivated Ray and Janet Clemens to purchase a Sports Craft business in 1981. It did not take long to realize that customers who were enthusiastic about motor sports were more likely to ride other types of motor sports vehicles and need equipment and accessories.

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March 2023 Newsletter

We’ve covered all around the edges of our great state with our job creation newsletters and last but certainly not least it’s time we discuss Central Michigan.

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How Can Your Small Business Benefit From SBA?

Running a small business can be challenging, but those challenges are something many businessowners deal with. According to SBA statistics, only 0.01% of businesses in the United States aren’tclassified as small businesses. If you’re having trouble securing small business loans and running yourbusiness, here’s how SBA can help. Getting a Loan Small business loans are … Continued

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Is a CDC the Better Place to Apply For a Loan?

If you have a business and have seen references to the SBA 504 Loan program but have questions, wehope to provide you with some answers. CDC lending and the SBA 504 Loan program can give you a long-term financing option with a fixed rate and up to $5 million for major fixed assets that go … Continued

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