Submit Insurance Changes or Renewals
GLCF is required to have a current copy of each borrower’s hazard insurance on the building and/or business personal property such as equipment. We also ask that your insurance agent include the following information on the proof-of-insurance certificate:
- Borrower’s name, loan number, property address, policy number, and expiration date.
- The following verbiage must appear on the ACORD: “Full Replacement Cost” and “10-day written notice of cancellation.”
- CDC and SBA named as 2nd Mortgagee and/or Loss Payee as follows:
2nd Mortgagee and Loss Payee
Great Lakes Commercial Finance
3980 Chicago Drive SW, Suite 220
Grandville, MI 49418
Please send proof of insurance to Laura Seromik at Laura@glcf.org, or you may fax the information to (616) 458-5736.
If you have questions, please call our office at (616) 459-4825.