Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
SBA lender · 7(a) program
Michigan Certified Development Corporation
Michigan Certified Development Corporation has approved 1,781 SBA loans worth $1.19B since FY2010 - the #88 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#88
0.23% of all SBA dollars
Total approved
$1.19B
FY2010 onward
Loans
1,781
Median loan
$418,000
+132% vs national
Median rate
10.75%
+4.00 pts vs national
Charge-off rate
1.7%
542 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Michigan Certified Development Corporation’s numbers say
Michigan Certified Development Corporation sits solidly inside the SBA lending field, having approved 1,781 loans for a gross total of $1.19B since fiscal 2010. Its median loan of $418,000 is substantially larger than the $180,000 national median, a pattern that usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 10.75%, 4.00 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 1.7% were charged off, 5.9 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 11% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a book weighted toward established operators.
Where Michigan Certified Development Corporation lends
| State | Loans | Share |
|---|---|---|
| Michigan | 1,766 | |
| Ohio | 7 | |
| Indiana | 4 | |
| Illinois | 1 | |
| New Jersey | 1 | |
| Wisconsin | 1 | |
| North Carolina | 1 |
Franchise brands Michigan Certified Development Corporation financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Culver's ButterBurgers & Frozen Custard | 20 | $23.8M | |
| Holiday Inn Express | 11 | $25.9M | |
| Best Western | 9 | $15.8M | |
| Subway | 8 | $2.9M | |
| Sonic | 6 | $3.5M | |
| Culver's Frozen Custard | 6 | $4.9M | |
| Appletree Christian Learning Center | 6 | $5.0M | |
| ServiceMaster | 4 | $1.2M |
Brands with the most Michigan Certified Development Corporation SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
Michigan Certified Development Corporation made 2 of these loans under the SBA Express programme, median $30,000. Compare SBA Express lenders.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
A different SBA 7(a) lender
SmartBiz is a separate company from Michigan Certified Development Corporation. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Questions about Michigan Certified Development Corporation
- How many SBA loans has Michigan Certified Development Corporation approved?
- Michigan Certified Development Corporation has approved 1,781 SBA loans totalling $1,188,370,200 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #88 among all SBA lenders by dollars approved.
- What is the typical Michigan Certified Development Corporation SBA loan size?
- The median gross approval is $418,000, with the middle 80% of loans falling between $145,000 and $1,455,000. The national median across all SBA lenders is $180,000.
- What interest rate does Michigan Certified Development Corporation charge on SBA 7(a) loans?
- The median initial note rate on Michigan Certified Development Corporation's 7(a) approvals is 10.75%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Michigan Certified Development Corporation's SBA loan charge-off rate?
- 1.7% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.