Michigan Impact | May 2025
Featured Deal
SBA 7(a) Refinance in Wayne County
MBC recently provided $2.3 million in financing via an SBA 7(a) loan to refinance an existing SBA loan from another lender. The original loan supported the purchase of two pharmacies in Wayne County based on a high floating interest rate, which increased significantly since it was made in 2020. MBC worked with the borrower and our credit union network to refinance the loan at a significantly lower fixed rate. As a result, the borrower will save a tremendous amount of interest expense and have increased cash flow.
Project Details
Amount: $2,300,000 Financing
Where: Wayne County, Michigan
Credit unions are committed to projects that support the communities they serve. Local pharmacies like these are becoming more important as many of the large national pharmacies are closing locations. Providing creative financing solutions to help borrowers achieve their goals is MBC’s mission. This project is another example of the great things that happen when credit unions come together.
MBC and our funding partners are difference makers all over the state of Michigan. We are community-focused and mission-driven. We are committed to lending in both weak and strong economic cycles across a wide variety of financing amounts, property types and needs. At over $1.9 billion in managed assets, this consistency is what has allowed MBC to be one of the leading commercial lenders in Michigan.
Contact MBC today to see how we can provide the financing solutions you need.
MBC was established in 2004 to help support Michigan credit unions offering commercial loans. Credit unions working with MBC combine their resources and work together to offer the best borrowing options for Michigan businesses. In addition to offering SBA, MEDC, and USDA loan programs, MBC provides the following conventional loan types:
- Commercial Real Estate Financing
- Commercial Construction and Development Financing Commercial
- Term Loans and Equipment Financing
- Commercial Lines of Credit