Owners Bradley Myers, Egemen Alpay and Serkan Yalcinkaya financed with Fifth Third Bank along with Senior Loan Officer, Jack Johnson and used the SBA 504 Loan Program for the purchase, renovation and expansion of their manufacturing company located in Redford, MI. Located in California AllTi Alloys LLC wanted to be nearer to the automobile industry as they transform and manufacture titanium and nickel alloys into reusable products for the automobile as well as health and sports industries.
The SBA 504 Loan Program provided funding for AllTi to expand into Michigan, increase their processing capacity and improve efficiency. Best of all their innovative recycling processes further reduces the environmental footprint. AllTi’s expansion and renovation will also create new job opportunities within the community, contributing to local economic growth.
Michigan Certified Development Corporation (MCDC) is a non-profit organization that helps small businesses secure funding. MCDC specializes in the SBA 504 Loan Program, which provides long-term, fixed-rate financing for the acquisition of fixed assets like real estate and equipment. MCDC also offers the SBA 7(a) and Community Advantage Loan Programs, which are more flexible and can be used for a variety of business needs, including acquisitions.
Since its inception in 1982, MCDC has been committed to promoting economic growth in Michigan by supporting small businesses. For more information visit the website or call (517) 886-6612.
