Unlock Growth with SBA 504 Loans!

Are you a small business ready to expand?  Look no further than the SBA 504 program!  One of the biggest issues small businesses encounter have to do with proper financing. Starting a business is far more difficult than it may look from the surface. Once entrepreneurs are ready to start, grow, or expand their business, they must consider many financing …

Government Funding Update – FY 2024

As of March 21, 2024 Courtesy of our national association, NADCO. FY24 Government Funding Status: Congress has agreed on government funding and released the final six funding bills earlier on March 21, 2024, setting up a tight timeline for passage of the legislation. The House is expected to vote early on March 22, 2024, before sending the bill to the …

GLCF’s Welcomes Tom Sreckovic – Our New Southeast Michigan Loan Officer!

Great Lakes Commercial Finance (GLCF), a leading provider of SBA 504 loans, is pleased to announce the appointment of Tom Sreckovic as the new Commercial Loan Officer responsible for serving Michigan’s Southeast side.  He will be working to develop and foster relationships with lenders, small businesses, economic development professionals, and other partners, covering all of Southeast Michigan, including Oakland, Macomb, …

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 ...