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 45 to 60 day time period between closing your loan (sign closing documents) and funding your loan (interest rate is locked in and TPL is paid down). Twenty (20) and Twenty-five (25) year notes fund every month and ten (10) year notes fund every other month. The dates below are set by the SBA, and indicate the day in which loans are funded each month.

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 below.

Laura Seromik
Vice President of Closing and Servicing
10 Years of SBA Lending Experience
T: (616) 323-1273
E: Laura@glcf.org

Abbey Byrne
Senior Closing Specialist
20 Years of SBA Lending Experience
T: (616) 323-1274
E: Abbey@glcf.org