MCDC Holiday Hours
Post Updated:December 24 & 25 – CLOSEDDecember 26 – Open at 8:00 amDecember 31 – OPENJanuary 1 – CLOSEDJanuary 2 – Open at 8:00 am Download holiday hours.
December 2019 Newsletter
Post Updated:MCDC 504 Rates for December and Holiday Hours. Download the 2019 December Newsletter here.
November 2019 Newsletter
Post Updated:Employee Spotlight Mike Ufford. We’re back with our Spotlight Interview Series where we are asking our employees about their role at MCDC and to keep you informed on what’s happening. You can download the 2019 November Newsletter here.
November News: Employee Spotlight
Post Updated:We’re back with our Spotlight Interview Series where we are asking our employees about their role at MCDC and to keep you informed on what’s happening. This month we interviewed Senior Loan Officer, Mike Ufford who represents Macomb, St. Clair, Sanilac, Lapeer, Huron and Tuscola Counties. Mike’s been with MCDC since 2007 and has … Continued
Refinancing Program
Refinancing Program Eligibility and Guidelines The original qualified debt must have been in existence at least two years and may consist of multiple loans secured by the same property. The loan must be in good standing with no 30-day delinquencies or payment deferrals for the last year (with either the original terms or modified payment … Continued
October 2019 Newsletter
Post Updated:We hosted our 1st Annual Upper Peninsula Golf Outing at the beautiful Greywalls Course at Marquette Golf Club which was our way of thanking our lending partners as they help continue our vision of “Making dreams come true, one small business at a time”. You can download the 2019 October Newsletter here.
October 2019 News
Post Updated:We hosted our 1st Annual Upper Peninsula Golf Outing at the beautiful Marquette Golf Club which was our way of thanking our lending partners as they help continue our vision of “Making dreams come true, one small business at a time”. The Upper Peninsula of Michigan is continuing to expand with jobs, opportunities, and growing … Continued
What are the advantages of an SBA 504 loan?
Low Down Payment 504 Loans require between 10% and 20% down. Small businesses receive up to 90% financing, allowing them to preserve working capital for business expansion. Low fixed rate 504 Loans utilize fixed rates that are usually one to two percent under conventional financing. Low Monthly Payments. No balloon payment. Collateral is typically only … Continued
504 Loan Program
What is an SBA 504 loan? A powerful tool for small businesses looking to purchase or refinance fixed assets, the 504 Loan Program offers long-term, fixed-rate financing of real estate or machinery and equipment. To finance your project, MCDC partners with a commercial lender, which funds 50 percent or more of the loan. MCDC funds … Continued
7a Loan Program
What is an SBA 7(a) loan? The 7(a) Loan Program is the Small Business Association’s primary program for helping small businesses with financing. Partially guaranteed by the federal government, the beauty of an SBA 7(a) loan is that it requires little or no down payment, making it perfect for small business. Loan sizes range from … Continued