Funding Schedule

We look forward to assisting you in closing your SBA 504 Loan.  After approval of your loan authorization, you will receive a closing checklist from our office specific to your loan.  Once we receive all closing checklist items, we will coordinate a time with you to sign the closing documents.

Please note that due to deadlines related to the underlying bonds that fund the 504 loans, there is a month or so delay between the time we close your loan (sign closing documents) and your loan funds (interest rate is locked in).  Twenty (20) and Twenty-five (25) year notes fund every month and ten (10) year notes fund every other month.  The last column below highlights the funding date each month set by the SBA, and the other columns indicate the deadlines required to meet those funding dates.

Closing Checklist items
Due to GLCF

November 8, 2021*
December 13, 2021
January 1, 2022*
February 7, 2022
March 7, 2022*
April 11, 2022
May 9, 2022*
June 13, 2022
July 11, 2022*
August 8, 2022
September 12, 2022*
October 10, 2022

GLCF Loan Closing Window
(Meeting with borrower to sign closing docs)

November 13 – November 29, 2021* 
December 18 – January 3, 2022
January 15 – January 31, 2022*
February 12 – February 28, 2022
March 12 – March 29, 2022*
April 16 – May 3, 2022
May 14 – May 31, 2022*
June 18 – July 5, 2022
July 16 – August 2, 2022*
August 13 – August 30, 2022
September 17 – October 4, 2022*
October 15 – October 28, 2022

Funding Date
(*Indicates the months 10 year notes fund)

January 12, 2022*
February 16, 2022
March 16, 2022*
April 13, 2022
May 11, 2022*
June 15, 2022
July 13, 2022*
August 17, 2022
September 14, 2022*
October 12, 2022
November 16, 2022*
December 14, 2022

Please note that the final funding month is subject to approval by SBA’s closing attorney and can be influenced by many factors. The GLCF Closing team works diligently to close and fund projects as quickly as possible.

If you have questions regarding your loan funding?  Please call your Closing Specialist.  You can find their contact information here.


Kyle Wilson
Director of Closing Operations

24 Years of SBA Lending Experience
T: (616) 323-1272
E: Kyle@glcf.org


Abbey Byrne
Senior Closing Specialist

16 Years of SBA Lending Experience
T: (616) 323-1274
E: Abbey@glcf.org


Michelle Vargo
Closing Specialist

1 Year of SBA Lending Experience
T: (616) 323-1278
E: Michelle@glcf.org