SBA lender turns focus on West Michigan
Five to ten percent of the SBA 504 loans generated by a Lansing company assists businesses in West Michigan to the tune of $47.5 million last year – double the year before.
Five to ten percent of the SBA 504 loans generated by a Lansing company assists businesses in West Michigan to the tune of $47.5 million last year – double the year before. The company president has plans to increase the volume of loans to 15 to 25 percent and open a West Michigan office.
According to excerpts from the story:
Seeing the potential for further growth, a Lansing company that coordinates U.S. Small Business Administration lending is planning a much larger presence in western Michigan.
The Michigan Certified Development Corp. is hiring a commercial lender to focus solely on western Michigan and plans to eventually open an office in the market.
The MCDC has grown steadily in recent years, last year writing 87 valued at $47.5 million — more than twice that of two years earlier.
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