Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Limited-Service Restaurants
- Offices of Physicians (except Mental Health Specialists)
- General Automotive Repair
Quick Summary
Great Lakes Commercial Finance is an SBA-certified Certified Development Company (CDC) headquartered in Grandville, Michigan. Since 2010, they have approved 958 SBA 504 loans totaling $594.8M, with an average loan size of $621K. They serve businesses across 5 states.
About Great Lakes Commercial Finance
Great Lakes Commercial Finance is an SBA-certified Certified Development Company (CDC) headquartered in Grandville, Michigan. Since 2010, they have approved 958 SBA 504 loans totaling $594.8M, with an average loan size of $621K. They serve businesses across 5 states.
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Frequently Asked Questions
What does Great Lakes Commercial Finance do?
Great Lakes Commercial Finance is an SBA-certified Certified Development Company (CDC) based in Grandville, Michigan. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Great Lakes Commercial Finance handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Great Lakes Commercial Finance approved?
According to SBA FOIA public records, Great Lakes Commercial Finance has approved 958 SBA 504 loans totaling $594.8M since 2010. Their average loan size is $621K.
What states does Great Lakes Commercial Finance serve?
Great Lakes Commercial Finance serves businesses in 5 states: Colorado, Illinois, Indiana, Michigan, Ohio.
How do I apply for an SBA 504 loan through Great Lakes Commercial Finance?
To apply for an SBA 504 loan through Great Lakes Commercial Finance, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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