How to Choose the Right SBA Loan
Post Updated:Choosing the right small business loans can be a pivotal decision for your small business, providing the necessary capital for growth, operations, or even survival during challenging times. With multiple loan options available, including the 7(a) loan, CDC/504 loan, and Microloan program, it can be confusing to determine which is best suited for your business’s … Continued
The Growth Potential of SBA 504 Loans for Michigan Entrepreneurs
Post Updated:In the ever-evolving business landscape of Michigan, entrepreneurs are continuously seeking innovative financial solutions to expand and grow their ventures. One such solution that has been gaining significant traction is the SBA 504 Loan program. Aimed at aiding small businesses in acquiring commercial real estate and heavy equipment, this loan program offers a unique combination … Continued
January 2025 Newsletter
Post Updated:When you walk into Morning Star Child Care you immediately feel comfortable.
MCDC President Mark Williams Elected to National Association of Development Companies as At-Large Director
Post Updated:MCDC Cares Program Gives Back
Post Updated:Tis the Season! The MCDC Culture Crew was at it again by collecting funds and items for The City Rescue Mission of Lansing.
Why Michigan Entrepreneurs Turn to CDC Loans for Affordable Expansion
Post Updated:In today’s competitive business environment, Michigan entrepreneurs are actively seeking innovative ways to expand their ventures without incurring excessive costs. Traditional lending avenues, while popular, can often be difficult to navigate. Alarmingly, according to Fundera, 9% of small businesses receive no capital after applying for a loan, leaving many owners searching for alternative financing options. … Continued
Securing a 7(a) Loan: Tips for Michigan Business Owners
Post Updated:Navigating the financial landscape can be challenging for Michigan business owners seeking funding to expand or sustain their operations. The 7(a) loan program, offered by the U.S. Small Business Administration (SBA), is one of the most sought-after financing options for small businesses. This versatile loan can be used for various purposes, including working capital, purchasing … Continued
December 2024 Newsletter
Post Updated:MCDC December Holiday Hours
A Beginner’s Guide to SBA Loan Programs for Michigan Entrepreneurs
Post Updated:Starting a business in Michigan can be an exciting endeavor filled with potential. However, turning that potential into reality often requires substantial financial resources. Fortunately, the U.S. Small Business Administration (SBA) offers various loan programs designed to support entrepreneurs in securing the necessary funding to launch and grow their businesses. This guide offers a comprehensive … Continued