About Mcdc (michigan certified development corporation)
Michigan Certified Development Corporation (MCDC) is a non-profit organization that provides small business loans to entrepreneurs in Michigan. The company was founded in 1981 and has since helped thousands of businesses get off the ground and grow.
One of the biggest challenges facing small business owners is securing financing. Traditional banks are often hesitant to lend money to new businesses, which can make it difficult for entrepreneurs to get their ideas off the ground. That's where MCDC comes in - they specialize in providing start-up loans to small businesses that might not qualify for traditional bank financing.
MCDC offers a variety of loan programs designed specifically for small businesses. Their flagship program is the SBA 504 loan program, which provides long-term, fixed-rate financing for real estate and equipment purchases. This program allows business owners to finance up to 90% of their project costs at below-market interest rates.
In addition to the SBA 504 program, MCDC also offers other loan programs such as microloans and working capital loans. These programs are designed for smaller projects or short-term needs, such as purchasing inventory or covering payroll expenses.
One thing that sets MCDC apart from other lenders is their commitment to personalized service. They understand that every business is unique, with its own set of challenges and opportunities. That's why they take the time to get to know each client personally, so they can tailor their loan packages accordingly.
Another advantage of working with MCDC is their extensive network of partners and resources. They have relationships with banks, economic development organizations, and other lenders throughout Michigan, which means they can help connect clients with additional funding sources if needed.
Overall, if you're looking for a reliable source of start-up funding in Michigan, look no further than Michigan Certified Development Corporation (MCDC). With over three decades of experience helping entrepreneurs succeed, they have the expertise and resources you need to turn your dreams into reality!
michigancdc.org
