Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Lessors of Miniwarehouses and Self-Storage Units
- Offices of Dentists
Quick Summary
Michigan Certified Development is an SBA-certified Certified Development Company (CDC) headquartered in East Lansing, Michigan. Since 2010, they have approved 1,722 SBA 504 loans totaling $1.1B, with an average loan size of $660K. They serve businesses across 7 states.
About Michigan Certified Development
Michigan Certified Development is an SBA-certified Certified Development Company (CDC) headquartered in East Lansing, Michigan. Since 2010, they have approved 1,722 SBA 504 loans totaling $1.1B, with an average loan size of $660K. They serve businesses across 7 states.
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Frequently Asked Questions
What does Michigan Certified Development do?
Michigan Certified Development is an SBA-certified Certified Development Company (CDC) based in East Lansing, Michigan. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Michigan Certified Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Michigan Certified Development approved?
According to SBA FOIA public records, Michigan Certified Development has approved 1,722 SBA 504 loans totaling $1.1B since 2010. Their average loan size is $660K.
What states does Michigan Certified Development serve?
Michigan Certified Development serves businesses in 7 states: Illinois, Indiana, Michigan, North Carolina, New Jersey, Ohio, Wisconsin.
How do I apply for an SBA 504 loan through Michigan Certified Development?
To apply for an SBA 504 loan through Michigan Certified Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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Contact Michigan Certified Development
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