When you’re a small business owner seeking to expand operations, securing the right financing is essential. The SBA offers two popular loan programs that support different types of business needs: the SBA 504 loan and the 7a loan. Both can be powerful funding tools, but their structures and ideal use cases differ. Below, we’ll break … Continued
As an entrepreneur, navigating the complexities of securing financing can seem daunting. The SBA 504 Loan Program is an attractive option for small business owners looking to obtain capital for expansion or to purchase fixed assets. This type of financing not only provides competitive rates but also offers substantial loan amounts, making it a popular … Continued
For many small business owners, growth is the goal—but accessing the capital needed to expand can be a major hurdle. Traditional financing isn’t always a perfect fit, especially for businesses looking to invest in real estate, heavy equipment, or large-scale renovations. That’s where SBA 504 loans come in. Designed specifically to support long-term investments, these … Continued
Owners Bradley Myers, Egemen Alpay and Serkan Yalcinkaya financed with Fifth Third Bank along with Senior Loan Officer, Jack Johnson and used the SBA 504 Loan Program for the purchase, renovation and expansion of their manufacturing company located in Redford, MI.
When business partners Craig Huber and Jonathan McClure approached Dart Bank’s Vice President Dan Goethals with their request to jointly purchase a building for their businesses;
Refinancing business debt can provide companies with much-needed financial relief, lower monthly payments, and improved cash flow. One of the most effective options for refinancing fixed assets is the 504 SBA loan program. Designed for small businesses looking to refinance existing commercial real estate or equipment loans, the 504 SBA program offers long-term, fixed-rate financing … Continued
Emily Carlson, 7(a) Loan Associate – 7(a) Lending (SBA). Emily joined the MCDC staff in the spring of 2025. Emily is responsible for the collection and analysis of documentation and portfolio management for MCDC’s 7(a) Department. Prior to her position with MCDC, Emily worked in the mortgage and financial services industry for several years. Emily … Continued
Owner, Kashav Kumar seized a great opportunity to expand his manufacturing business by acquiring Plymouth Brazing Inc.
Owner & CEO of Kram Construction & Design Mark Wanner was very pleased with the expertise of MCDC’s Senior Loan Officer, Eric Maly and Dart Bank’s Commercial Relationship Manager, Dan Goethals. Mark’s testimonial, unedited, explains how collaboration and connection made a refinance run smoothly and successfully.
Growing your small business capital is essential for expanding your operations, investing in innovation, and maintaining a competitive edge in today’s dynamic market. For entrepreneurs in Michigan, securing the right funding can make a significant difference in achieving sustainable growth. One popular financing option is small business start-up loans, which can provide the necessary capital … Continued