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MCDC | SBA 504 Rates for June and the Upper Peninsula

mcdcsJune 2022 Rates and News

5.19% 25-Year Debenture – 5.20% for Refinance
5.13% 20-Year Debenture – 5.14% for Refinance
4.93% 10-Year Debenture – 4.94% for Refinance
 
The Upper Peninsula Office
Loan Officer Todd Horton


 
 
 
Todd Horton
 
The Upper Peninsula of Michigan is commonly referred to by Yooper’s as “The Superior State”. You’ll find the toughest and most friendly folks around which includes our Senior Loan Officer,
Todd Horton. Todd knows that dealing with winters builds strong character and hard workers.
 
Which brings us to a rumor; that the Upper Peninsula will become one of the next best locations for remote workers. Any type of job that requires internet such as telecommuters, website designers,
 
freelancers or any type of online work including entrepreneurs will be relocating. As remote work is becoming more desirable employers are competing for people by offering incentives to attract more remote-focused jobs. Time spent traveling and site-seeing the beautiful Upper Peninsula without a traffic jam just may be incentive enough for some people.
 
Where there’s workers, there’s new small business opportunities such as grocery stores, coffee shops, gas stations and restaurants boosting the economy and creating even more jobs.
 
Many current businesses have adjusted rapidly to the new normal and realized amazing revenue growth and profitability, allowing for significant reinvestment in their businesses through expansion and new equipment. For more insight on how MCDC assists in job creation check out our May 2022 Newsletter.
 
Located in Marquette and a longtime resident, Todd Horton already knows the value of Upper Peninsula living. To learn more about Todd personally, check out our interview in our February 2021 Newsletter.
 
Upper Peninsula Office – Todd Horton
 

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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4100 Capital City Blvd.
P.O. Box 15279
Lansing, MI 48906

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