Great Lakes Commercial Finance (GLCF) is a non-profit lender based in Grandville, MI, that specializes in providing access to capital for small businesses in Michigan. As a Certified Development Company (CDC) licensed by the U.S. Small Business Administration (SBA), GLCF offers the SBA 504 Loan Program, which assists small businesses in purchasing or refinancing commercial real estate and machinery/equipment. With a team of experienced experts, GLCF streamlines the financing process for both small businesses and lending institutions, ensuring efficient loan approvals and servicing actions.
Since its establishment in 1980, GLCF has funded over 1,000 SBA 504 loans, totaling more than $100 million in loan proceeds. These loans have played a vital role in creating and retaining over 11,000 jobs in Michigan. GLCF's commitment to encouraging the use of 504 lending throughout the state has made it a trusted partner for banks and credit unions, offering benefits such as low interest rates, flexible terms, and reduced down payment requirements for small businesses.
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