July 2026

New For FY 2026:

🏭 Manufacturing Rates (NAICS 31–33):

📌 25-year: 5.93%

📌 20-year: 5.95%

📌 10-year: 5.89%


SBA has waived both the upfront and ongoing guaranty fees for manufacturers (NAICS 31–33), helping reduce overall borrowing costs on SBA 504 loans. GLCF is further enhancing these savings by covering 50% of the third-party lender fee (up to $5,000) for qualifying manufacturing projects approved through September 30, 2026.



Click the link to learn more: https://buff.ly/qgucMEu.

As of July 4, 2026, the combined $5 million cap between the 7(a) and 504 programs has been removed. Eligible borrowers can now access up to $5 million in EACH program, opening the door to pairing a 7(a) loan with a 504 loan on the same project. This is especially valuable for manufacturers looking to finance multiple project components at once.

Click below to learn more:

GLCF is excited to share a new tool designed to make your financing journey a little easier.

Our brand new 504 Loan Calculator is officially live on our website! Whether you're just starting to explore financing options or ready to compare numbers, this tool helps you estimate project costs and see a clear loan comparison, so you can make confident decisions at your own pace.

Join us for a fun day of golf, drinks, lunch, prizes, and an after-round gathering at the 2026 Lenders Cup - happening Thursday, September 17th!



Sponsorships are almost gone! The only spots remaining are:



🍅 Bloody Mary Bar Sponsor

⛳ Hole Sponsor(s)

For More Golf Outing Details, Click Here

Please join us in welcoming Hannah Terhaar, who has joined GLCF as an intern!

Hannah is currently entering her senior year at the University of Michigan, where she is studying Organizational Psychology and Spanish. She plans to graduate in the spring.

Hannah brings valuable experience from a marketing internship at LMCU last summer, where she worked closely with loan officers and gained firsthand insight into the lending process.

In her role at GLCF, Hannah will intake and organize tax and financial documents for Servicing and Risk Management. She is excited to dive deeper into the world of commercial lending and grow her knowledge in the field.

Outside of work, Hannah enjoys spending time with her family and her fiancé James, swimming, boating, playing board games, and traveling.

We’re excited to have Hannah on the team and look forward to supporting her as she continues to learn and grow in the commercial lending industry.

Schedule a Time to Learn More About

the Benefits of the SBA 504 Loan Program

Interested in learning more about the SBA 504 Loan Program? If you or your team would like to better understand the program and how it supports both small businesses and lending partners, please schedule a meeting with one of our loan officers. Presentations can be tailored to your group size and time constraints.

Lender Leader Board

We want to thank all the lenders that have had loans authorized through GLCF by the SBA in FY 2026. At the end of our current fiscal year (09/30/2026), the lending institution with the most loan approvals will receive GLCF's Lender of the Year Award!