April 14, 2021

April 2021 Interest Rates
25 Year Rates
3.08% - Standard
3.12% - Refinance
20 Year Rates
3.02% - Standard
3.06% - Refinance
10 Year Rates
2.70% - Standard
*10-year debentures are funded every other month; therefore, the March 2021 10-year rate is quoted above
EDF Welcomes Two New Employees!
EDF is pleased to announce the return of Nik Hoezee as a Loan Officer! Nik is responsible for all of EDF's 7(a) Lending. Additionally, Nik will be working with our Senior Loan Officer, Bradd Pierce, on 504 Loans in the West Michigan Market. You can reach Nik at (616) 323-1270 or at Nik@growmichigan.com.
EDF is pleased to welcome Jennifer Rosenberger as a Closing Specialist. Jennifer will work directly with lenders and borrowers to ensure that their 504 projects are closed in compliance with SBA rules and regulations. You can reach Jennifer directly at (616) 323-1280 or at Jennifer@growmichigan.com.
Schedule a Zoom Call with One of Our Lenders
to Learn About the 504 Loan Program and Recent Changes!
EDF has three loan officers covering the State of Michigan and we are anticipating there to be a lot of questions regarding the new legislation. We are anxious to learn more and share it with you! If you would like to schedule a time for one of lenders to meet with your group, please connect with the appropriate loan officer below to schedule a time.
West Michigan Market


Bradd Pierce
(616) 323-1277
East Michigan Market


Tom Bell
(810) 202-1750
Northern Michigan and Lansing Market

Kelly Schramski
(734) 821-7280
Lender Leader Board
FY 2021
EDF would like to thank all of the lenders that have had loans authorized with us in FY 2021. At the end of our current fiscal year (09/30/2021), the lending institution with the most loan approvals will receive EDF's Lender of the Year Award.
Featured Funding

Dekker Bros. Farms, Inc.

Jared Dekker and his twin brother, Jordan, have been best friends since day one. It wasn’t until they got their first job at a greenhouse at age 13; however, that they began to realize that their bond would grow in ways they never expected. It was at that greenhouse where their passion for farming/growing and their desire to start a business together began to form. After attending Michigan State together and building their experience, the brothers decided to purchase their first 25-acre parcel of land and begin their new roles as business owners and partners at Dekker Bros Farms in 2008. The rest is history.

In order to start and grow their business, Jared and Jordan purchased a greenhouse and began leasing and renting property. Over the next few years, they worked with Greenstone Farm Credit Services to secure several loans that allowed them to expand into 7 different greenhouse and farming locations throughout the state. By 2020, Dekker Bros Farms was booming. They just had one problem: their widespread greenhouses were creating several inefficiencies.

The Dekker brothers knew exactly what they needed to do. They needed to purchase a new facility where they could consolidate several aspects of their business, but this next step came with a big financial ask. In order to provide a financing solution for Jared and Jordan, Greenstone partnered with Economic Development Foundation and the SBA 504 program – a loan program that offers fixed, below market interest rates, up to 25-year terms, and a minimum 10% down payment. The 504 was just what the brothers needed to make this next step possible.

“The SBA 504 loan program gave us the opportunity that we’ve been waiting for and helped propel us into this next chapter of our lives. Beforehand, we had struggled thinking that attaining the capital we needed to grow would not be possible, but EDF and the SBA were able to provide that for us with terms and rates we hadn’t seen anywhere else.” 

To read the full story, please visit our website by clicking here.
EDF Team
Julie Parker
President
(616) 323-1273


Gary Witkowski
VP of Loan Operations
(616) 323-1275



Sales Department
Bradd Pierce
Senior Loan Officer
West Michigan Market
(616) 323-1277

Tom Bell
Loan Officer
East Michigan Market
(810) 202-1750


Kelly Schramski
Loan Officer
Northern Michigan and Lansing Market
(734) 821-7280



Nik Hoezee
Loan Officer
and 7(a) Specialist
(616) 323-1270


Credit Department
Amy Dubridge
Loan Officer
(616) 323-1279

Daniel Reyes
Underwriter
(616) 323-1271


Closing Department
Kyle Wilson
Director of Closing Operations
(616) 323-1272

Abbey Byrne
Closing Manager
(616) 323-1274

Michelle Vargo
Closing Specialist
(616) 323-1278

Jennifer Rosenberger
Closing Specialist
(616) 323-1280

Servicing Department
Laura Seromik
Servicing and Compliance Manager
(616) 323-1273




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