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 ...