Committee Portal Grow Michigan 616.459.4825 November 2021 Fixed Interest Rates: 25 Year - 2.92% – | 20 Year - 2.78% | 10 Year - 2.63% Menu Rivertown Dental Associates Learn More Great Lakes Commercial Finance (GLCF) is a non-profit lender who provides access to capital for small businesses that are purchasing or refinancing commercial real estate, and/or machinery and equipment. We are authorized by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC) to deliver the SBA’s 504 Loan Program. GLCF is one of a small percentage of CDCs in the nation that SBA has approved into their Accredited Lender Program (ALP). As an ALP Lender, GLCF has increased authority to process, close, and service 504 loans, and our customers receive expedited processing of loan approvals and servicing actions. Since the 504 Loan Program can only be utilized by a small business through a CDC such as GLCF, banks and credit unions must partner with us in order to offer it to their customers. Some of the benefits of using the program include: As little as a 10% down payment vs. 20% if done conventionally 10, 20, and 25 years terms Low interest rates – locked in for the term of the loan Economic Development Foundation changes its name Our Featured Funded Projects GLCF was founded in 1980 and is located in the Grand Rapids area. We have a small team of experts with many years of experience who understand how to streamline the process for both the small business in need of financing and the lending institution seeking to minimize their loan risk. View Projects 504 Loan Information Small businesses are recognized as innovators and employment generators. Their success and growth are critical to the health of America’s economy. However, small businesses sometimes encounter difficulties securing long-term financing at affordable interest rates. Recognizing an opportunity to provide support, the Small Business Administration (SBA) offers businesses, and lending institutions that partner with them, an additional financing option with the SBA 504 Loan Program. It is the job of the Great Lakes Commercial Finance (GLCF) to encourage the use of 504 lending throughout Michigan. Since GLCF’s inception we have: APPROVED 1,400 LOANS FUNDED $100,402,534 IN 504 LOAN PROCEEDS THESE LOANS CREATED OR RETAINED 10,0 JOBS Is an SBA 504 Loan right for you? Please call us for more information and for terms of repayment! Great Lakes Commercial Finance 3980 Chicago Drive SW, Suite 220 | Grandville, MI, 49418 | Phone: (616) 459-4825 | Fax: (616) 458-5736 POWERED BY MICHIGAN CREATIVE