Michigan Certified Development Corporation: SBA Lending Profile
Michigan Certified Development Corporation is a Certified Development Company (CDC), headquartered in East Lansing, MI. It is active in 6 states, concentrated around MI, OH, IN. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Michigan Certified Development Corporation actually approves
The median SBA approval at Michigan Certified Development Corporation is $404,500. The middle 80% of its loans fall between $145,300 and $1,300,700. The smallest funded approval in the available source window is $50,000 and the largest is $5,168,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 504 | 116 | $405K | n/a | 20 years |
| SBA 7(a) | 14 | $144K | 10.75% | 10 years |
Industries it funds most
| Industry | Funded loans in source data | Share |
|---|---|---|
| Full-Service Restaurants | 68 | 4.8% |
| Hotels (except Casino Hotels) and Motels | 64 | 4.5% |
| Limited-Service Restaurants | 53 | 3.7% |
| Offices of Dentists | 41 | 2.9% |
| Lessors of Miniwarehouses and Self-Storage Units | 40 | 2.8% |
| Assisted Living Facilities for the Elderly | 33 | 2.3% |
| Child Day Care Services | 32 | 2.3% |
| General Automotive Repair | 29 | 2.1% |
| Offices of Physicians (except Mental Health Specialists) | 26 | 1.8% |
| Car Washes | 26 | 1.8% |
| Limited-Service Restaurants | 25 | 1.8% |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 25 | 1.8% |
How fast Michigan Certified Development Corporation actually funds
Approval is not money in the bank. Across 1,181 loans where both dates are on record, the typical gap between SBA approval and first disbursement at Michigan Certified Development Corporation is 180 days. Half its loans fund between 106 and 335 days. That is slow relative to the roughly 20 day typical SBA lender, which is normal for real estate backed deals that need appraisals, but worth planning around if your timeline is tight.
Lending momentum
Michigan Certified Development Corporation has been pulling back. Approvals are down 41.4% from FY2023 to FY2025, which can mean tightened credit or a shift in strategy. Worth asking about before you invest time in an application.
Funded approvals by SBA fiscal year (October to September). FY2026 is excluded because it is still in progress.
Borrower profile
- only 8.8% of its funded SBA records with known business age went to startups, this lender works almost entirely with established businesses.
- Collateral was taken on 97.2% of its recent SBA loans.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Funding speed is the median gap between approval date and first disbursement date in SBA records. Some lenders report disbursement at month end, which can round the figure upward. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Michigan Certified Development Corporation.