January 2020
January 2020 Interest Rates
25 Year Rates

3.71% - Standard
3.77% Refinance
20 Year Rates

3.64% - Standard
3.70% - Refinance
10 Year Rates

3.80% - Standard
3.87% Refinance

We've Moved!
Just a reminder that we have officially moved to the second floor of the Millennium Building in Downtown Grandville. Our new address is 3980 Chicago Drive, SW, Suite 220, Grandville, MI 49418. We would love for you to stop by, have a cup of coffee, and visit us in our new space!
EDF Holiday Giveaway Winner
Congratulations to Mike VanOmmen of Macatawa Bank! Mike was the winner of EDF's Holiday Giveaway and won a $100 Amazon Gift Card ! We hope everyone had a wonderful holiday season with their family and friends. Thank you to all those that entered to win.
Schedule a 504 Presentation to Learn More About
the Benefits of the 504 Loan Program
Our loan officers would love the opportunity to meet with your team to do a presentation regarding the benefits of the the 504 Loan Program. We can customize the presentation to your needs. Whether you are looking for a brief program update as part of a regularly scheduled meeting, or would like us to bring in lunch and do a full hour presentation, we can accommodate. If you would like to set something up, please call or email the loan officer in your area directly.
West Michigan Market


Bradd Pierce
(616) 323-1277
East Michigan Market


Tom Bell
(810) 599-4074
Northern Michigan and Lansing Market

Kelly Schramski
(734) 751-6933
Featured Funding
Anna's House
Josh Beckett had been a regular at Anna’s House for many years. When the business went up for sale in 2005, Josh purchased the restaurant with the hope of keeping his favorite diner up and running. It wasn’t long after, however, that this vision transformed into something much greater: “to save the world from an ordinary breakfast.” But how? Josh had just the idea… 

A few years after owning and operating Anna’s House, Josh experienced some health issues that opened his eyes to healthier eating and higher-quality products. It was at this time that he decided to start implementing this lifestyle into the business. Josh began bringing in cleaner and higher quality options to his customers to see what they thought. The new menu items caught on instantly. Soon after, Josh began transforming the overall dining experience at Anna’s House to match this new quality of food, working bit by bit to save the world from breakfasts that look and taste otherwise…and people loved it!

“We’re really trying to bring a different experience to the breakfast scene,” Josh shared. “Before Anna’s it was always greasy diners and I wanted to change that. I wanted to bring a bright, fresh, and clean atmosphere and experience to our customer, and so that’s what I did.”

While business was booming, Josh saw an opportunity to expand and open a new location in Westland – a great next move for the business. There was only one thing holding him back: acquiring the financing necessary to purchase the building and renovate it into the same iconic “Anna’s House experience”. It was then that Anna’s House’s banking partner, Huntington Bank, introduced Josh to the Economic Development Foundation. Through their partnership, Josh was able to secure a SBA 504 small business loan, allowing him to purchase and remodel a building in Westland with a lower down payment, longer terms, and fixed below-market interest rate. And just like that, he was well on his way to sharing his “extraordinary” breakfasts with the community of Westland.

“For small businesses like us who are trying to fight the daily battle, the SBA 504 program is the perfect solution. It helped us lower our costs nearly in half, making a huge financial impact on a company our size.”

Today, Anna’s House operates a total of 8 locations with over 400 employees who work hard to help save many Michigan communities from ordinary breakfasts. The diners offer a variety of all-natural, fresh, local, and quality ingredients that can meet the needs of various dietary preferences, including gluten free, dairy free, vegetarian, and other dietary lifestyles. Anna’s House also works to really invest in the communities in which they serve by pairing up with various local schools and sports teams and contributing to those programs in any way that they can. For more information on their menu options, products, and locations, please visit their website at www.annashouseus.com.  
Lender Leader Board
FY 2020

EDF would like to thank all of the lenders that have had loans authorized with us in FY 2020. At the end of our current fiscal year (09/30/2020), the lending institution with the most loan approvals will receive  EDF's Lender of the Year Award.
EDF Staff
Julie Parker
President
(616) 323-1273
Gary Witkowski
VP of Loan Operations
(616) 323-1275
Bradd Pierce
Senior Loan Officer
West Michigan Market
(616) 323-1277

Kelly Schramski
Loan Officer
Northern Michigan and Lansing Market
(734) 751-6933


Tom Bell
Loan Officer
East Michigan Market
(810) 599-4074

Amy DuBridge
Loan Officer & 7(a) Loan Specialist
(616) 323-1279
Daniel Reyes
Underwriter
(616) 323-1271
Abbey Byrne
Closing Manager
(616) 323-1274
Laura Seromik
Servicing and Compliance Manager
(616) 323-1273
Kyle Wilson
Closing and Servicing Specialist
(616) 323-1272
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