Great Lakes Commercial Finance (GLCF) is a non-profit lender focusing on providing access to capital for small businesses in Michigan. Licensed by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC), GLCF primarily offers the SBA 504 Loan Program. As an Accredited Lender Program (ALP) participant, GLCF has the authority to efficiently process, close, and service 504 loans, providing expedited loan approvals and servicing actions to customers.
The program, exclusively available through CDCs like GLCF, offers benefits such as lower down payments (as low as 10%), varied loan terms (10, 20, and 25 years), and fixed low interest rates. Additionally, GLCF extends the VetLoan Advantage Program to support Veteran or Active-duty Members. Founded in 1980 in Grand Rapids, GLCF boasts a seasoned team proficient in simplifying the financing process for both small businesses and lending institutions, ensuring efficient operations and minimized loan risks.
Recognizing small businesses as vital contributors to the economy, GLCF has funded numerous 504 loans totaling significant proceeds, resulting in the creation or retention of numerous jobs. Encouraging the use of 504 lending across Michigan, GLCF continues to play a key role in supporting small businesses' long-term financial needs.
Generated from the website content