Economic Development FNDTN
Great Lakes Commercial Finance (GLCF) is a non-profit lender based in Grandville, Michigan, dedicated to providing small businesses with access to capital for purchasing or refinancing commercial real estate and machinery. As a Certified Development Company (CDC) approved by the U.S. Small Business Administration (SBA), GLCF specializes in the SBA 504 Loan Program, offering favorable terms such as low down payments and fixed interest rates for various loan terms.
Founded in 1980, GLCF has funded over 1,100 SBA 504 loans, totaling more than $580 million in loan proceeds, which have created or retained numerous jobs throughout the state. The organization focuses on streamlining the financing process for small businesses while minimizing loan risk for lending institutions, supporting the critical role that small enterprises play in the economy.
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