Below you'll find a list of all posts that have been categorized as “News”
GLCF Earns Prestigious ALP Designation Extension for Another Two Years GLCF has proudly been part of the SBA’s Accredited Lender Program (ALP) for years. Every two years, we reapply for this designation, and we are excited to announce that our ALP status has been extended through May 2026. This prestigious designation is awarded only to the nation’s highest-performing SBA 504 …
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 …
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 …
Great Lakes Commercial Finance (GLCF), a leading provider of SBA 504 loans in Michigan, is pleased to welcome Chazney Balmer to their team as a Closing Specialist. Chazney is part of the Closing and Servicing Team and will assist in closing approved 504 loans in compliance with SBA rules and regulations. Born and raised in the Grandville area, Balmer got …
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, …
We are excited to extend a special invitation to all commercial lenders and their lending teams to an informative seminar followed by a networking happy hour! Industry Insights: During the seminar portion of the event, you will hear from Brian Picarazzi and Romy Ancog from the U.S. Small Business Administration (SBA), alongside our very own in-house SOP guru, Gary Witkowski. …
Looking for an experienced SBA 504 Loan Officer? Meet Bradd Pierce. Since 2010, Bradd Pierce, Senior Loan Officer, has developed relationships and trust with lenders and small business owners throughout Western and Central Michigan. During his tenure, Bradd has funded hundreds of different SBA 504 loan scenarios and has a wide range of diversity in his portfolio. Bradd offers lenders and borrowers …
GLCF received the following information from the SBA’s Office of Capital Access (OCA). They have published several important documents that will affect both the 7(a) and 504 loan programs. SOP 50 10 7 is effective Aug. 1, 2023, and will apply to all 7(a) and 504 applications received by SBA on or after that date. SBA Lenders and SBA employees …
Gary Witkowski is back in Northern Michigan! After a recent staff change, in addition to his current role of managing the credit and sales departments, Gary Witkowski is back serving the lenders and small business owners of Northern Michigan as Loan Officer! GLCF has been and continues to be the #1 SBA 504 provider in Northern Michigan, and we are excited to …
In July of 2022, GLCF welcomed the addition of Lexi Woods, General Counsel, to the GLCF team! Lexi’s primary focus at GLCF is in our Closing Department. She uses her legal expertise to streamline the closing and funding process and ultimately allows GLCF flexibility and control over the timing that outsourcing cannot always provide. GLCF is only one of a …