Great Lakes Commercial Finance (GLCF) is a non-profit lender based in Grand Rapids, MI, that specializes in providing access to capital for small businesses in Michigan. As a Certified Development Company (CDC) approved by the U.S. Small Business Administration (SBA), GLCF offers the SBA 504 Loan Program, which allows small businesses to purchase or refinance commercial real estate and machinery/equipment. With a team of experienced experts, GLCF streamlines the financing process for both small businesses and lending institutions, offering benefits such as low interest rates, flexible terms, and expedited loan approvals.
Since its establishment in 1980, GLCF has funded over 1,000 504 loans, totaling more than $100 million in loan proceeds. These loans have contributed to the creation or retention of over 11,000 jobs, supporting the growth and success of small businesses in Michigan. With a focus on encouraging the use of 504 lending, GLCF plays a vital role in promoting economic development and providing affordable financing options for small businesses in the state.
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