Now that Fiscal Year 2024 has ended, we want to thank all of our partnering lenders for helping make it a successful one. Your trust and commitment are greatly appreciated. From October 1, 2023, to September 30, 2024, we had the pleasure of assisting 24 lending institutions, leading to 38 loan approvals.
Following the end of the fiscal year, we are excited to share who the recipient of GLCF’s FY 2024 “Lender of the Year” Award is. This prestigious award goes to the lending institution with the highest number of loans authorized through GLCF throughout the fiscal year. In the event of a tie, the winner is determined by the highest “SBA Loan Amount” amount authorized.
This year, we had a tie among four lending institutions: West Michigan Community Bank, Consumers Credit Union, First Merchants Bank, and 4Front Credit Union. Each lender obtained three loans approved with GLCF. However, West Michigan Community Bank had the largest aggregate debenture, with $4,099,000.
“West Michigan Community Bank is proud to accept the Great Lakes Commercial Finance Lender of the Year award. This award represents West Michigan Community Bank’s steadfast commitment to the business community of West Michigan. West Michigan businesses relationships are the focal point of who we are at West Michigan Community Bank,” said Matt Hoeksema, President & CEO of WMCB.
Congratulations to West Michigan Community Bank on this achievement, and a huge thank you to all 24 lenders for their constant support. Together, we’ve made a real difference by boosting economic growth, creating jobs, and helping small businesses grow with affordable financing.
Thank you again for participating in our journey to promote economic development in Michigan. We’re excited to continue growing our partnership in the coming fiscal year!