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MCDC | SBA 504 Rates for June and Employee Spotlight

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June 2021 Rates & News

2.88% 25-Year Debenture – 2.92% for Refinance
2.77% 20-Year Debenture – 2.81% for Refinance
2.62% 10-Year Debenture – 2.67% for Refinance

unnamed (77)Employee Spotlight
Sheila Fales

Our June Employee Spotlight is 504 Servicing Specialist Sheila Fales who works in the East Lansing home office.
 
As a dedicated member of the 504 Funding Team, Sheila has been a quick learner and enjoys stepping in and helping out when needed. She has a pleasant disposition and has a wonderful rapport with the MCDC borrowers. She is viewed as a well-organized team player among her peers and in the past couple of years has been MCDC’s Annual Golf Outing Photographer.

 
Before MCDC, what was the most unusual or interesting job you’ve ever had?
Before now, I’ve always been in sales. In 1999 I sold cell phones; this was when they were first released. It was during the time when there were very few people who were fortunate enough to even have one of those two-pound bag phones in their car. Society determined it was not going to be a passing fad and everyone wanted one. I was barely keeping up selling 30-40 new phone lines a day. It was insane and very lucrative, especially for me being a 20-year-old, single mother with a newborn.
 
It was a love/hate type of job where the frustration and pressures of sales felt exhausting and yet at the same time, I felt great about providing a service to people by adding value to their lives. Looking back, I guess I didn’t realize that I was a large part of one of the most cutting-edge products that has made our lives easier, faster, better and more fun.
 
 
 
 
How has MCDC helped you in your career development?
MCDC has been very supportive in any additional education to help me in my current position. It’s truly a positive experience working here knowing that MCDC is helping me get quality educational opportunities while I’m already trying to get ahead in life .
 
By MCDC making the investment in me, it motivates me to be more productive and get things done and off my desk. Each day I am learning as much as I can about other positions in the organization so I can step in and be of service whenever and wherever needed.
 
What is the favorite part about working for MCDC?
Knowing that MCDC really makes a difference to business owners in Michigan and surrounding states. This has especially hit home with me during this pandemic; it’s nice to know we are helping with job retention and creation.
 
MCDC’s Annual Golf Outing Photographer
 
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 38 years 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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