Great Lakes Commercial Finance is Named CDC Lender of the Year for FY 2022

The U.S. Small Business Administration (SBA) Michigan District Office recognized Great Lakes Commercial Finance (GLCF) as the state’s CDC Lender of the Year for 2022. The award was presented to GLCF’s President, Julie Parker, at SBA’s Michigan Lender Awards Ceremony on April 11, 2023.   Held at the Federal Reserve Bank in Detroit, the Awards Ceremony honored some of the most ...

The Benefits of the 504 Loan Program for your Business

If you’re a lender or a small business owner, you’ve probably heard of the SBA 504 loan program. Great Lakes Commercial Finance (GLCF) is an accredited lender authorized by the U.S. Small Business Administration (SBA) to administer the 504 loan.  We partner with banks and credit unions all over the State, offering a unique 50/40/10 loan structure that benefits small ...

The SBA 504 Loan Program in a Rising Rate Environment

Inflation. Price Increases. Rising Interest Rates. These topics seem to be on everyone’s minds, especially as small business owners continue to navigate the current economic conditions and stabilize or grow their businesses. While these conditions significantly impact businesses and communities, the SBA 504 Loan Program is still a fantastic financing tool for those looking to expand or grow. Here is a quick look ...

SBA 504 Application Do’s and Don’ts

The GLCF team is second to none, and we have years of experience helping entrepreneurs through the SBA 504 Loan Application process. Additionally, our loan officers personally assist our lenders and borrowers through the process to keep things moving. Below are some helpful “do’s and don’ts” that we have gleaned along the way to help make this process as smooth ...