Industry News

April 3, 2012 – Commercial Alliance was awarded Michigan Certified Development Corporation's (MCDC) community lender of the year award. Commercial Alliance is the first organization affiliated with credit unions to be awarded a partner of the year award by the MCDC. The MCDC, which is a non-profit corporation certified by the U.S. Small Business Administration to provide SBA 504 loan financing and SBA 7(a) loan packaging, bases the award on the number and size of loans submitted within each year. In 2011, Commercial Alliance submitted seven business loan projects from three of its member credit unions in six counties totaling over $6 million in capital and helping to create or sustain 187 jobs in Michigan across a variety of businesses.

 

June 14, 2011 – Commercial Alliance has surpassed a major milestone in servicing more than $150 Million in business loans on behalf of its member credit unions. This is a positive indicator for the small businesses in Commercial Alliance's member credit union's communities as many do not realize lending is happening and do not know where to turn to grow their businesses. To learn about the opportunities available for credit unions, contact us.

Recent Events

May 26th and June 9, 2011 – Commercial Alliance hosted business seminars on SBA 504 Refinancing. Various credit unions from across Michigan attended to learn from Mike Ufford and Eric Kehler from Michigan Certified Development Corporation. MCDC is certified by the Small Business Administration and assists in packaging commercial loan requests to be presented to the SBA for funding approval for small and medium sized companies. The seminar covered the different services available as well as the different forms and processes through which the development corporation operates.

For more information on resources available today to credit unions, contact us.