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
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.
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.
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.
3 Reasons Why Small Businesses Are More Important Than You Think
Businesses are essential in societies. Most people regard big business entities more highly than small businesses. However, small businesses are often the driving force in a local economy. They employ many and get products and services as close to the people as possible. According to SBA statistics, only 0.01% of the businesses in the US … Continued
April 2022 Newsletter
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.