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Great Lakes Commercial Finance

Listed
Credit union for commercial real estate loans and equipment financingGrandville, MichiganBased in Michigan; service area not yet provided
BBLL 000473Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Great Lakes Commercial Finance supports SBA 504 fixed-asset projects. Its current application policy sets out a refundable deposit with important withdrawal exceptions.

Credit union. Member owned, and makes business loans to member businesses.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Commercial real estate loansEquipment financingSBA 504 loans
General small business
From the lender's own site and public records.

A second look at Great Lakes Commercial Finance

Great Lakes Commercial Finance supports SBA 504 fixed-asset projects. Its current application policy sets out a refundable deposit with important withdrawal exceptions.

Certified Development Company working with a separate bank lender on SBA 504 financing.

Published by Levr, not by Great Lakes Commercial Finance. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

SBA 504

Assets
Property, building improvements and long-lived machinery; working capital, goodwill and inventory are not financed by this product.
Repayment
10-year equipment/property and 20- or 25-year real-estate options are advertised; borrower contribution may start at 10%.
Rate
Rates are set at debenture funding. Published effective rates include ongoing servicing fees; a quote may change with funding date and approval fiscal year.

Provider sources: 504 program · Rate methodology

Application deposit

Amount
Lesser of $2,500 or 1% of net debenture proceeds; held in escrow and refunded when the loan funds.
Withdrawal
Before SBA approval, documented processing and third-party costs can be deducted. After SBA approval, withdrawal or cancellation forfeits the deposit.

Provider sources: Application policy

When it may fit

Our assessment of the published programs

  • Useful for a Michigan business planning a substantial property or equipment purchase and comparing the bank and CDC portions together.

What to weigh carefully

  • The September 2026 manufacturer promotion has expired; do not assume its fee benefit applies.
  • Published historical examples and older aggregate SBA limits should not substitute for current program eligibility.
  • Ask about prepayment restrictions on both loans, not only the bank note.

Questions before you accept an offer

  1. What is the combined project cost and cash contribution?
  2. When will my debenture rate be fixed?
  3. What deposit and closing costs remain payable if the project does not close?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Bank Five Nine

Compare Bank Five Nine as a potential bank-side SBA 504 lender where eligible.

Live Oak Bank

Compare Live Oak financing for the same fixed-asset project.

The lender

Type
Credit union
Legal name
Not yet provided Add it
Founded
1980
Charter
Not yet provided Add it
Headquarters
Grandville, Michigan
Service area
Based in Michigan; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
Website
glcf.org
LinkedIn
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Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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