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.


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

January 17, 2024*
February 14, 2024
March 13, 2024*
April 17, 2024
May 15, 2024*
June 12, 2024
July 17, 2024*
August 14, 2024
September 9, 2024*
October 16, 2024
November 13, 2024*
December 11, 2024


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

Abbey Byrne
Senior Closing Specialist

20 Years of SBA Lending Experience
T: (616) 323-1274