July 2023 Rates & News
6.58% 25-Year Debenture – 6.60% for Refinance
6.63% 20-Year Debenture – 6.65% for Refinance
7.06% 10-Year Debenture – 7.08% for Refinance
Your Local SBA Lender and
the #1 Leading Lender in Michigan
Customer Spotlight
LaBaron’s Power Sports Inc
Owners, Chad Dingman and Alexander (Alex) Galeczka purchased a much-needed larger building for their expanding sports dealership. LaBaron’s Power Sports Inc is one of the largest power sports dealers in the state and is known for its unbeatable prices on equipment and customer service. In fact, it was their superb customer service department that demanded more space.
Chad and Alex found the perfect location in Brown City for their growing business and teamed up with Financial Plus Credit Union and MCDC Senior Loan Officer Mike Ufford. By using The SBA 504 Loan Program they were able to obtain long-term, low interest rate financing with no balloon payment. It was a win-win situation for everyone. Having this new building will allow them to boost sales, add new jobs and most importantly, streamline customer services. MCDC appreciates the opportunity to be a small contribution to the continued growth.
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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 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
Michigan Certified Development Corporation
Phone: (517) 886-6612 | Fax: (517) 886-6619
