Michigan Certified Development

What Michigan Certified Development does

Michigan Certified Development Corporation (MCDC) is a non-profit Certified Development Company (CDC) founded in 1982 and headquartered in East Lansing, Michigan, authorized by the U.S. Small Business Administration to deliver SBA 504 and SBA 7(a) loan programs to small and medium-sized businesses statewide. The organization operates through seven regional offices covering all 83 Michigan counties, with dedicated senior loan officers for Central Michigan, Southeastern Michigan, the Upper Peninsula, the Northern Lower Peninsula, West Michigan, and Macomb/East Detroit regions. MCDC is the only CDC in Michigan holding SBA Premier status, a designation granted to roughly 10% of CDCs nationally that enables faster processing and greater delegation of authority.

MCDC's core products are the SBA 504 Loan Program (long-term, fixed-rate financing for owner-occupied commercial real estate, equipment, and construction, with project sizes from $250,000 to over $20 million and SBA participation capped at $5 million), the SBA 7(a) Loan Program (flexible financing from $50,000 to $5 million for working capital, acquisitions, and start-ups), a 504 Refinancing Program, and Lender Service Provider (LSP) services through which MCDC packages, closes, services, and liquidates 7(a) loans on behalf of more than 20 Michigan banks and credit unions. The technology layer consists of a web portal (portal.michigancdc.org) and standard online application intake; no proprietary fintech platform or AI capabilities are disclosed.

The business model is fee-based: MCDC charges approximately 2.65% of the SBA 504 loan amount plus a $2,500 attorney closing fee, financed within the loan proceeds, and earns professional-services revenue from 7(a) LSP contracts and ongoing portfolio servicing. Go-to-market is sales-led via territory loan officers, supplemented by referral partnerships with CPAs, attorneys, economic development organizations, and a network of more than 20 lending partners. Over the trailing five years MCDC facilitated $332.6M in SBA debentures, $901.8M in total projects, and 13,398 jobs, and has cumulatively served 2,500+ Michigan small businesses generating over $4 billion in economic impact.

Name

Michigan Certified Development

Legal name

Michigan Certified Development Corporation

Website

https://michigancdc.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Michigan Certified Development Corporation is a non-profit SBA-authorized Certified Development Company that facilitates SBA 504 and 7(a) loans for small and medium-sized businesses across Michigan, operating through seven regional offices and a network of 20+ lending partners.

Ownership category

akta.pro rank

Product category

SBA Small Business Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Nondepository Credit Intermediation (5222)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

Keywords

• SBA 504 loans
• SBA 7(a) loans
• Small business financing
• Commercial real estate lending
• Fixed asset financing

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. SBA 504 Loan Fees: MCDC charges fees totaling approximately 2.65% of the SBA loan amount, plus an attorney closing fee of $2,500. These fees are financed within the SBA loan proceeds. The fees include CDC process fee, CDC closing fee, SBA guarantee fee, funding fee, and underwriter fee.
2. 7(a) Lender Service Provider (LSP) Services: MCDC provides origination, closing, 1502 reporting, selling, servicing, and liquidating services for SBA 7(a) loans for financial institutions. MCDC works with over 20 lenders across Michigan to assist small business owners in finding financing.
3. SBA 504 Debenture Financing: Michigan Certified Development Corporation loans are funded by the sale of 100% federally guaranteed debentures on the open market. MCDC covers up to 40% of project costs while commercial lenders fund 50% or more.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Michigan Certified Development Corporation (MCDC) is a non-profit Certified Development Company that facilitates SBA 504 and SBA 7(a) loans for small businesses in Michigan. MCDC partners with a network of 20+ commercial lenders to provide long-term, fixed-rate financing for fixed assets (real estate, equipment, construction), business acquisitions, and working capital. MCDC also offers a 504 Refinancing Program and Lender Service Provider (LSP) services to banks and credit unions for SBA 7(a) loan origination, closing, reporting, servicing, and liquidating.

Product overview

Michigan Certified Development Corporation (MCDC) is a non-profit Certified Development Company (CDC) authorized by the SBA to provide SBA financing programs in Michigan. The company operates as a single, unified loan facilitation service with two primary loan programs: the SBA 504 Loan Program for fixed asset financing (real estate, equipment, construction) and the SBA 7(a) Loan Program for flexible business financing. Additionally, MCDC offers a 504 Refinancing Program and Lender Service Provider (LSP) services for banks and lenders seeking SBA 7(a) loan support. MCDC is the only CDC in Michigan with SBA "Premier" status and has financed nearly $900 million in projects since 2014.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA 504 Loan Program Long-term, fixed-rate financing for small businesses to acquire fixed assets such as owner-occupied commercial real estate, equipment, and building construction or expansion. MCDC partners with a commercial lender to provide up to 40% of the total project cost as a second lien, with the commercial lender funding 50% or more and the borrower contributing at least 10% as a down payment. Loans are capped at $5 million with project sizes ranging from $250,000 to over $20 million. Available across Michigan through MCDC's seven state offices.
• SBA 7(a) Loan Program SBA's primary loan program for flexible financing of start-ups and established small businesses, with partial federal government guarantee. Loan sizes range from $50,000 to $5 million with little or no down payment required. Funds can be used for business acquisitions, commercial real estate, equipment, working capital, leasehold improvements, refinance of existing debt, and business start-up costs. Loans are administered by MCDC throughout the term.
• 504 Refinancing Program Program allowing small businesses to refinance existing commercial real estate or equipment debt through the SBA 504 loan structure, providing lower interest rates and extended repayment terms to reduce monthly financial burden.
• Lender Service Provider (LSP) Services for SBA 7(a) Loans MCDC acts as an SBA-approved Lender Service Provider assisting financial institutions with SBA 7(a) loan packaging, origination, closing, 1502 reporting, selling, servicing, and liquidating. MCDC serves General Program (GP), Preferred Lender Program (PLP), SBA Express, and Community Advantage lenders across Michigan and nationwide.

Quantifiable outcome

• Over 2,500 small businesses helped secure financing
• +6 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• River Valley BankminorChannel Partner/ Reseller/ Distributor · 11 September 2018Todd Horton joined MCDC from River Valley Bank where he was VP in Business Banking Group. River Valley Bank is a lending partner in the Upper Peninsula region.
• First National Bank of AmericacoreChannel Partner/ Reseller/ DistributorWorked with Sue Hansen at First National Bank of America to finance One North Kitchen and Bar using SBA 504 Loan Program.
• First-Citizens Bank & Trust CompanycoreChannel Partner/ Reseller/ DistributorPartnered with First-Citizens Bank & Trust Company for SBA 504 Loan financing of On Track Physiotherapy expansion.
• PNC BankcoreChannel Partner/ Reseller/ DistributorPNC Bank (VP Nick Heriford) partnered with MCDC for Supernova International SBA 504 Loan.
• Fifth Third BankcoreChannel Partner/ Reseller/ DistributorFifth Third Bank partnered with MCDC for manufacturing company expansion financing in Redford, MI.
• Dart BankcoreChannel Partner/ Reseller/ DistributorDart Bank (VP Dan Goethals) has partnered with MCDC for multiple SBA 504 Loans including Kram Construction refinance.
• 20+ Michigan LenderscoreChannel Partner/ Reseller/ DistributorMCDC works with over 20 lenders across Michigan including banks and credit unions to service SBA 7(a) loans. Services General Program (GP), Preferred Lender Program (PLP), SBA Express and Community Advantage lenders.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerMCDC is a Certified Development Company (CDC) authorized by the SBA to provide SBA 504 and 7(a) financing. SBA provides government guarantee on debentures and sets program guidelines. MCDC is the only CDC in Michigan with 'Premier' status.

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Florida First Capital Finance Corporation: Florida First Capital Finance Corporation is a Florida Certified Development Company providing SBA 504 financing to small businesses statewide. It competes with MCDC in the same CDC model — SBA 504 loan packaging, debenture funding, and lender matching — within a single state geography.
• Empire State Certified Development Corporation: Empire State CDC is a New York-based Certified Development Company providing SBA 504 financing throughout New York State. It is comparable to MCDC as a state-focused nonprofit CDC facilitating SBA 504 loans through a network of partner lenders.
• TMC Financing: TMC Financing is one of the largest Certified Development Companies in the United States, headquartered in California and operating a near-identical SBA 504 loan facilitation model. Like MCDC, TMC earns CDC processing fees by matching small business borrowers with partner lenders, making it the closest direct peer in scale and product mix.
• CDC Small Business Finance Corporation: CDC Small Business Finance Corporation is a major California-based Certified Development Company providing SBA 504 loans to small businesses. Its mission-driven nonprofit structure, statewide lender network, and SBA 504 origination focus closely mirror MCDC's operating model.
• Granite State Development Corporation: Granite State Development Corporation is a Certified Development Company serving New Hampshire and Northern New England, providing SBA 504 financing to small businesses. Comparable to MCDC as a regionally-focused nonprofit CDC with lender partnerships and a relationship-driven origination model.

Others

• Justine Petersen Housing and Reinvestment Corporation: Justine Petersen is a CDFI providing small business loans, credit-building, and financial coaching to underserved entrepreneurs. It is thematically related to MCDC as a mission-driven small business capital provider, though operating in St. Louis rather than Michigan and without an SBA 504 focus.

Broad incumbents

• Accion: Accion is a global nonprofit providing small business loans and support to underserved entrepreneurs. While broader in scope than MCDC and not focused on SBA programs, Accion overlaps in serving small businesses seeking capital they cannot access through traditional banks.

Emerging players

• SmartBiz Loans: SmartBiz is a fintech platform specializing in SBA 7(a) loan origination, providing a streamlined digital application experience. It competes with MCDC's 7(a) LSP services by offering banks a technology-first alternative to outsource SBA 7(a) processing.
• Lendio: Lendio is an online small business loan marketplace that aggregates SBA and other loan products from a network of lenders. It represents an emerging fintech alternative to traditional CDC-driven SBA origination, competing with MCDC for the small business borrower's first point of contact.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/mark-williams-64373126
• Xx.com/michigancdc

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Michigan Certified Development