July 2022 Newsletter

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Michigan’s West coast has always been popular with miles of sandy beaches, dunes and lighthouses attracting visitors from all around. However, it’s also known for seasonal events that bring people together such as, The Tulip Festival in Holland, The Coast Guard Festival in Grand Haven, and The National Blueberry Festival in South Haven, to name … Continued

June 2022 Newsletter

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The Upper Peninsula of Michigan is commonly referred to by Yooper’s as “The Superior State”. You’ll find the toughest and most friendly folks around which includes our Senior Loan Officer, Todd Horton. Todd knows that dealing with winters builds strong character and hard workers.

COVID-19 EIDL Program Notice

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The COVID-19 EIDL Program is not accepting new applications, increase requests or reconsiderations

May 2022 Newsletter

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A key component of what we do at Michigan Certified Development Corporation is economic development, specifically job creation.

James Schrader

James is an underwriter for the MCDC who joined the staff in April 2022. His responsibilities include financial analysis of loan applicants, eligibility determination, loan packaging and working with SBA to get loans approved. James comes to the MCDC from 1st State Bank where he served over three years, most recently as a Credit Analyst II. … Continued

Exciting Staff Announcements

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It is with mixed emotions that we have two staffing announcements. While we are happy for him, it saddens us to announce the retirement of Michigan Certified Development Corporation Vice President – Operations, Dave Kramer effective May 31, 2022.

3 Advantages of Receiving a Start-Up Loan

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Many start-ups don’t see their operations beyond the second year due to the high cost of starting and running their operations. In fact, only 48% of small businesses overall have their financing needs met according to Fundera.com. Most small business owners consider loans instead of grants like an smb startup grant because of the many … Continued

April 2022 Newsletter

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In the face of an on-going pandemic, fiscal 2021 turned out to be a record volume year for 504 loans. The SBA 504 Loan Program reached the $7.5B cap for regular 504 loans (excluding refinance without expansion) in early September.

How Can I Get a Small Business Start-Up Loan?

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The US is home to more than 32 million small businesses accounting for 99.9% of all US businesses. Over 902,000 of these businesses are in Michigan. Due to the pandemic and tough economic times, you may be looking to secure small business loans in Michigan. How you prepare for an application or pitching plays a … Continued

Welcome Coty Gould

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The Michigan Certified Development Corporation (MCDC) is pleased to announce the addition of Coty Gould as Loan Officer. Coty will cover Central Michigan while working out of his Midland office. His responsibilities will include marketing the SBA 504 Loan Program by working with lenders, small business owners and other referral sources to secure SBA 504 … Continued

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