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MCDC | SBA 504 Rates for August and Southeast Michigan

mcdcsAugust 2022 Rates and News

4.98% 25-Year Debenture – 4.99% for Refinance
4.89% 20-Year Debenture – 4.90% for Refinance
4.97% 10-Year Debenture – 4.98% for Refinance

 
Southeast Michigan Office
Loan Officer Jack Johnson

 
 
Jack Johnson
 
The southeast side of Michigan has always been popular with festivals, museums and art fairs with one of the largest located in the heart of downtown Ann Arbor. Some of the nation’s best historical museums are in the Detroit area such as Hitsville U.S.A. (The Motown Museum), The Detroit Institute of Arts, The Henry Ford and Greenfield Village just to name a few. These sites draw in visitors from all around creating a variety of opportunities for small businesses such as restaurants, food trucks, artists, crafters and many more.
 
One of Michigan’s Best Hospitals, the University of Michigan Health System with several satellite facilities located all across southeast Michigan generates jobs for many young professionals. Where there’s workers, there’s small businesses such as drugstores, health and wellness clinics and restaurants boosting the economy and creating more jobs through the multiplier effect.
 
There are more small business opportunities for the southeast area of the state than anywhere else. No one knows this better than Detroit native MCDC Senior Loan Officer Jack Johnson. Supporting Jack is Michigan’s #1 SBA Team who know the loan programs and handle the production. Jack focuses on the lending partner and borrower while his well-oiled team does the rest. Jack has worked with the SBA 504 Loan Program for more than 25-years and has an immense knowledge in commercial loan portfolio management. To learn more about Jack, check out our interview in the October 2021 Newsletter.
 
Southeast Michigan Office – Jack Johnson
 
Contact your Regional MCDC Loan Officer
 
 
 
 
 
Mike Ufford
Senior Loan Officer
Macomb, E. Detroit & E. Oakland County
 
(810) 329-4340
 
 
 
 
Scott Vroegindewey
Senior Loan Officer
West Michigan
 
(616) 405-5754
 
 
 
 
Jack Johnson
Senior Loan Officer
Ann Arbor, Detroit & W. Oakland County
 
(734) 222-4954
 
 
 
 
John Galbraith
Loan Officer
Northern Lower Peninsula
 
(231) 246-8022
 
 
 
 
Todd Horton
Senior Loan Officer
Upper Peninsula
 
(906) 298-0138
 
 
 
 
Coty Gould
Loan Officer
Lower Central Michigan
 
(989) 318-4988
 
 
 
 
Steve Pricco
Director 7(a) Lending
Statewide
 
(517) 220-2394
 With seven offices throughout Michigan, MCDC’s experienced team will work with you through every step of your SBA Loan. MCDC is a non-profit corporation certified by the U.S. Small Business Administration to provide SBA 504 Loan Financing and 7(a) Lender Services. For more than four decades, MCDC has been a leader in SBA financing in Michigan, participating in projects impacting more than 64,000+ jobs and more than $3 Billion of economic investment. For more information, please feel free to call us at 833-4SBA-LOAN or 833-GET-7ALOANS or visit us at www.michigancdc.org

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