Just a reminder that EDF packages 7(a) Loans. If you would like more information on this service, please contact Kecia Banks at Kecia@growmichigan.com
or (616) 323-1279.
EDF would like to thank all of the lenders that have had loans authorized with us so far this fiscal year. At the end of our fiscal year (9/30/17), the lending institution with the most loan approvals will receive our Lender of the Year Award. Individual Lender Awards will also be recognized at that time. Monthly,
EDF will start posting this information so you can see where your bank ranks!
Traverse City State Bank
Grand River Bank
West Michigan Community Bank
Want to see your lending institution's name on this list? We do too! If you have a project that you would like to discuss, please call either Bradd Pierce or Gary Witkowski. Contact Bradd at (616) 323-1277 or Bradd@growmichigan.com.
Gary can be reached at (616) 323-1275 or Gary@growmichigan.com.
Want to schedule a Lunch and Learn at your location to learn more about the 504 Loan Programs? Please contact Kyle at (616) 323-1272 or
Kyle@growmichigan.com to schedule.
Happy New Year
From the Staff at EDF!
This past year has been full of positive change at EDF and we look forward to seeing what 2017 has in store for our organization. We truly value all of our lenders and resource partners that have contributed to our success, and we look forward to serving you in the years to come.
The EDF team consists of eight professionals with many years of SBA 504 experience combined, so please put our expertise to use and call us with any questions you may have about the program.
EDF has partnered with JP Morgan Chase Bank to assist Premiere Property Services, Inc. with the purchase of land and the construction of their new facility. In 2001, Scott Kelting formed Premiere Property Services, Inc. They specialize in mobile, manufactured, and single-family home restoration and remodeling projects. The company's largest growth happened in the past few years as they contracted with companies that own multiple mobile and manufactured home parks making Premier Property Services, Inc. their primary repair and refurbishment vendor.
"We have been dreaming of expanding for years, and
without the help of the EDF and the 504 Program it would not
have been possible. The 504 program made it a reality
to secure affordable financing which in turn helped us
put more money back into our business."
Bradd Pierce at
EDF worked with Scott's lender, Nathan Bosma of JP Morgan Chase Bank, to finance the construction of their building in Grand Rapids. The SBA loan was the perfect opportunity for them to obtain additional space that was needed due to their growth and it allowed them to lock in a low interest rate for 20 years with only a 10% down payment. Scott Kelting said, "We have been dreaming of expanding for years, and without the help of the
EDF and the 504 program it would not have been possible. The 504 program made it a reality to secure affordable financing which in turn helped us put more money back into our business."
To learn more about the benefits of the 504 Loan or how EDF can assist you or your clients, please visit our website atgrowmichigan.com or call our office at (616) 459-4825.