May 2022
Still a Great (Fixed) Rate
Rates are up from last month but are adjusting back to pre-pandemic levels. With a low down payment, and fixed rates for 10, 20, or 25 years, the 504 program remains the best loan for financing commercial real estate and equipment. For more information, please call our office at (616) 459-4825 or visit our website at

*rates will vary based on fees at the time of approval and date of loan funding
GLCF is an ALP Lender
GLCF is part of SBA's Accredited Lender Program (ALP). ALP Status is given to the nation's highest-performing SBA 504 lenders. Currently, out of the 200 Certified Development Companies in the Country, less than 75 have this status. ALP status gives us the authority to streamline certain functions of the SBA 504 loan process, which increases our speed and efficiency.

ALP Status is particularly timely now as Congress recently authorized the creation of a new SBA 504 Express Loan Program that is expected to launch in the next few months. SBA Express will allow trusted ALP-designated 504 lenders to approve low-risk SBA 504 projects on behalf of SBA. Look for more details on this new added benefit we will be able to offer in the coming months. 
Great Lakes Lenders Conference
GLCF is a Gold Sponsor at this year's Great Lakes Lenders Conference. As a Gold Sponsor, we will also be a co-sponsor of the Sunset Yacht Cruise aboard the Ovation on Wednesday, July 20th from 4:30 - 8:30. The cruise is limited to the first 300 guests that register. Don't miss out!

When: July 19 - 21, 2022
Where: Detroit Marriott at the Renaissance Center, Detroit, Michigan

For more information about this event, please click here.
Contact One of Our Lenders to Learn More about the
504 or 7(a) Loan Program
West Michigan Market

(616) 323-1277
East Michigan Market

(810) 922-3110
Northern Michigan and Lansing Market

(734) 751-6933
Loan Officer & 7(a) Loan Specialist

(616) 323-1270
Lender Leader Board

We would like to thank all the lenders that have had loans authorized through GLCF by the SBA in FY 2022. At the end of our current fiscal year (09/30/2022), the lending institution with the most loan approvals will receive GLCF's Lender of the Year Award!