June 2026

New For FY 2026:

🏭 Manufacturing Rates (NAICS 31–33):

📌 25-year: 5.87%

📌 20-year: 5.91%

📌 10-year: 5.59%


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.

We are honored to share that GLCF has been named the FY 2025 Certified Development Company Lender of the Year by the U.S. Small Business Administration Michigan District Office.

This recognition reflects the strength, consistency, and dedication of our entire organization. We are extremely proud of our team for the focus and discipline they bring every day in serving small businesses across Michigan. To earn this achievement, GLCF:

• Ranked #1 in Debenture Volume totaling $61.4M
• Captured 46% of the total market share

We are also grateful to our Board for their leadership, time, and thoughtful decision-making, as well as to our Loan Committees, who carefully review and approve each project throughout the year.

The small businesses we serve are at the center of this work, and it is both a privilege and an honor to support them.

Thank you to the SBA Michigan District Office for this honor, and to our entire GLCF team for everything you do to make this possible.

Major SBA financing changes are coming July 4, 2026, and creating new opportunities for small businesses and manufacturers.

The SBA is removing the combined $5 million cap between the 7(a) and 504 programs, allowing eligible borrowers to access up to $5 million in EACH program. In many cases, businesses can now pair a 7(a) loan for equipment or working capital with a separate SBA 504 loan for owner-occupied commercial real estate on the same project.

Proper sequencing of SBA loan applications will be critical to maximizing financing opportunities. While 7(a) loans will no longer reduce available SBA 504 capacity, SBA 504 loans WILL count against 7(a) limits.

These changes are especially impactful for manufacturers, who may now finance multiple project components simultaneously through separate 504 loans.

With long-term fixed rates, up to 90% financing, and expanded flexibility, now is an excellent time for businesses to explore SBA financing options.

Call our office at (616) 459-4825 to learn more.

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!

Participation is open to lending institutions with at least one loan approved between now and September 16th.



Sponsorships are going fast - we are almost sold out! The only spots remaining are:



🍅 Bloody Mary Bar Sponsor

⛳ Hole Sponsor(s)

Don't wait - these last few spots won't last long!

For More Golf Outing Details, Click Here

We're so excited to welcome Orlando Crump to the GLCF team as our newest Loan Officer! Orlando is a University of Michigan alumnus and brings 15 years of experience in small-business banking and commercial lending to his new role.

Orlando will be serving the Southeast Michigan and Toledo markets and is eager to use his expertise to help small businesses thrive. He was drawn to GLCF by the opportunity to work alongside a passionate, purpose-driven team.



When he's not working, Orlando loves to golf, hike, and travel, with experiencing new cultures and local cuisine topping his list of favorite things. He also gives back to his community through regular volunteering with Food Gatherers and Forgotten Harvest.

We are thrilled to have Orlando on the GLCF Team!

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!