Michigan Certified Development Corporation
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Michigan Certified Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 16 | $2.1M | $130K | 15.4% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $800K | $100K | 7.7% |
| 722511 | Full-Service Restaurants | 8 | $2.8M | $350K | 7.7% |
| 812199 | Other Personal Care Services | 8 | $2.4M | $300K | 7.7% |
| 541613 | Marketing Consulting Services | 8 | $2.5M | $318K | 7.7% |
| 812112 | Beauty Salons | 8 | $680K | $85K | 7.7% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $1.0M | $125K | 7.7% |
| 621310 | Offices of Chiropractors | 8 | $1.0M | $125K | 7.7% |
| 445132 | Other | 8 | $2.8M | $350K | 7.7% |
| 541890 | Other Services Related to Advertising | 8 | $1.7M | $216K | 7.7% |
Geographic Distribution
SBA lending activity for Michigan Certified Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 104 | $20.5M | 100.0% |
Why Choose Michigan Certified Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $20.5M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, General Freight Trucking, Long Distance, Truckload, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 11.02% with flexible term lengths averaging 190 months
- ✓Loan Range: Loan sizes from $85K to $350K, with an average of $197K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Michigan Certified Development Corporation SBA lending
What types of businesses does Michigan Certified Development Corporation typically finance?
Michigan Certified Development Corporation specializes in SBA 7(a) lending to specific industries including general automotive repair, general freight trucking, long distance, truckload, full-service restaurants, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Michigan Certified Development Corporation's typical SBA loan terms?
Michigan Certified Development Corporation's SBA 7(a) loans typically feature an average interest rate of 11.02% and average term length of 190 months (approximately 16 years). Loan sizes range from $85K to $350K, with an average loan size of $197K.
Do I need a business valuation for a Michigan Certified Development Corporation SBA loan?
Yes, Michigan Certified Development Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Michigan Certified Development Corporation compare to other SBA lenders?
Michigan Certified Development Corporation has originated 104 SBA loans totaling $20.5M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Michigan Certified Development Corporation lend in?
Michigan Certified Development Corporation provides SBA 7(a) financing with particularly strong presence in MI. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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