Your Local SBA
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Michigan's SBA Certified Development Companies The SBA offers its 504 loan program through Certified Development Companies (CDCs). CDCs are public/private sector organizations established by local development agencies to advance economic development in their communities. Through the 504 program, CDCs provide fixed asset financing to growing small businesses. Loans approved under the 504 program must create or retain jobs. Typically 50% of the financing comes from a bank, 40% from the CDC through an SBA guaranteed debenture, and 10% from the small business owner. In FY 2008, the Michigan District Office approved 225 504 loans worth $107.2 million. The Michigan CDCs are listed below.
Lakeshore 504 - South Office
Lakeshore 504 - North Office
Metropolitan Growth and Development Corp.
Michigan Certified Development Company -
Lansing Home Office
Michigan Certified Development Company - Cadillac Office
Michigan Certified Development Company - Ann Arbor Office
Michigan Certified Development Company - Grand Rapids Office
Michigan Certified Development Company -
Mt. Clemens Office
Oakland County Business Finance Corporation
SEM Resource Capital
SEM Resource Capital
Michigan Content Comments to:
michigan@sba.gov
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