September 2026

New For FY 2026:

🏭 Manufacturing Rates (NAICS 31–33):

📌 25-year: 6.30%

📌 20-year: 6.29%

📌 10-year: 6.31%


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.

Beginning October 1, 2026, the SBA's new SOP will take effect, bringing important updates to SBA 504 loan processing, eligibility requirements, and compliance procedures. GLCF has prepared a summary of the key changes to help borrowers, lenders, and referral partners understand what to expect. Visit our website to review the updates and contact a GLCF Loan Officer with any questions.

Left to right: Craig Oosterhouse, Andy Jackson, Nate VanderWoude, Ryan Wolthius

The 18th Annual GLCF Lenders Cup Golf Tournament was another incredible success! The outing brought together 96 golfers across 24 teams for a memorable day of competition, networking, and camaraderie.

Congratulations to this year's Lenders Cup Champion, ChoiceOne Bank, which captured the title with an impressive score of 18-under par. Their championship team consisted of Craig Oosterhouse, Andy Jackson, Ryan Wolthius, and Nate VanderWoude. Their exceptional play earned them this year's coveted Lenders Cup trophy and championship honors.

On the Traditional Golf Outing side, the winning foursome was a combined team representing Rocket Close, Great Lakes Commercial Finance, Chase Bank, and Bank of Ann Arbor, finishing with an excellent score of 7-under par. Their strong play earned them top honors in this year's traditional outing.

It was a fantastic day filled with great competition, meaningful connections, and plenty of memorable moments. Thank you to everyone who participated and helped make the 18th Annual GLCF Lenders Cup Golf Tournament such a success.

To view tournament results, event highlights, sponsor recognition, and photos from this year's outing, visit our 18th Annual Lenders Cup Golf Tournament Recap Page.

We look forward to seeing everyone again at future GLCF events! 🏌️‍♂️⛳

Finally, a special thank-you to our generous sponsors who made this event possible:

🎉 Celebrating 27 Years of Leadership 🎉

We are proud to recognize GLCF President & CEO, Julie Parker, on her 27th work anniversary.

Julie began her CDC career in 1999 as a loan assistant with the Economic Development Foundation (EDF). Her journey later led her to Lakeshore 504, where she served as Executive Director for more than 14 years before returning to EDF in 2015. Her leadership played a pivotal role in bringing the two organizations together, resulting in the 2017 merger and evolution into Great Lakes Commercial Finance (GLCF).

Over the past 27 years, Julie's vision, dedication, and expertise have helped strengthen the SBA 504 Loan Program across Michigan while supporting the growth of countless small businesses and communities.

Thank you, Julie, for your commitment, leadership, and the lasting impact you continue to make. Congratulations on this incredible milestone!

⛳️ GLCF Supports CREW West Michigan Golf Outing ⛳️

GLCF was proud to serve as a hole sponsor at the CREW West Michigan Golf Outing, connecting with professionals from across West Michigan’s commercial real estate community.

We’re especially proud of Julie Parker and Shannon Dwyer for their leadership within CREW West Michigan. Julie previously served two terms as Treasurer and remains active on the Finance Committee, while Shannon serves as President-Elect and helped make this year’s outing a success.



As a Foundation Sponsor, GLCF is also proud to support CREW West Michigan’s mission and Scholarship Fund, helping advance education, leadership, and professional growth within the 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!