October 2026

New For FY 2027:

🏭 Manufacturing Rates (NAICS 31–33):

📌 25-year: 6.74%

📌 20-year: 6.73%

📌 10-year: 6.30%


SBA has waived both upfront and ongoing guaranty fees for manufacturers (NAICS 31–33), reducing overall borrowing costs on SBA 504 loans.



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

Lender Leaderboard: Announcing Our 2026 Lender of the Year!

🏆 FY2026 GLCF Lender of the Year: ChoiceOne Bank 🏆



Strong lending partnerships continue to play an important role in GLCF’s success. This fiscal year, we partnered with 28 lending institutions on 52 loan approvals, working together to support businesses and economic growth throughout the state of Michigan. We’re grateful for every lender who partnered with us this year and especially excited to recognize one outstanding partner.

Great Lakes Commercial Finance is proud to recognize ChoiceOne Bank as our FY2026 Lender of the Year!

ChoiceOne Bank had a strong year with GLCF, partnering with us on five loan approvals representing $12 million in total project costs and creating 41 full-time jobs. Their continued support of SBA 504 financing and commitment to helping businesses grow make them a valued lending partner.

We’re also proud to have Craig Oosterhouse of ChoiceOne Bank serving as Chairman of the GLCF Board of Directors. His leadership and commitment to GLCF further strengthen our partnership.

Congratulations to ChoiceOne Bank, and thank you for your continued partnership with GLCF!

We’re also grateful to all of the lending institutions that partnered with GLCF this year. Thank you for your continued collaboration and commitment to helping businesses grow in our communities. See the full list of our FY 2026 lending partners below.

Great Lakes Commercial Finance is proud to provide annual financial support to the CREW West Michigan Scholarship Program and help create opportunities for students pursuing careers in commercial real estate.

Do you know a female college student pursuing a degree in business, finance, law, urban planning, or another field that could lead to a career in commercial real estate? If so, encourage her to apply today.

For 2027, a $2,500 scholarship has been established to help with education-related expenses. The award also includes a complimentary student membership to CREW West Michigan for the year, providing access to valuable networking and professional development.

Eligibility:

• U.S. citizen or legal resident
• Enrolled full- or part-time at a non-profit college or university
• Focused on one or more CREW Network-qualified commercial real estate fields

Apply today to be considered. Applications close December 1, 2026.

Learn more about eligibility and apply today to take the next step toward your future in commercial real estate here. If you have any questions about the scholarship or application process, please contact Jayme Kosal at JKosal@horizonbank.com.

Celebrate the Season with GLCF! 🎄

Join us for an evening of holiday cheer as we celebrate the season with GLCF friends and partners!

Enjoy great food, festive drinks, and plenty of opportunities to network and connect with new and familiar faces. We look forward to gathering together and celebrating another great year! Please click on the box below to register.

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.