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Monthly Interest Rates
and Other 504
News
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September 2017
Interest Rates
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7(a) Packaging
EDF
can assist your organization with 7(a) Loan questions and eligibility, and then prepare loan packages and submit them directly to the SBA for approval.
For more information,
please call
EDF's
7(a) Specialist, Amy Dubridge at
(616) 323-1279
or you may send an email to
[email protected]
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EDF's Lender
Leader Board
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EDF
would like to thank all of the lenders that have had loans authorized with us so far this fiscal year. At the end of our fiscal year (9/30/17), the lender and lending institution with the most loan approvals will receive our Lender of the Year Award.
Do you want to see your organization's name on this list? We do too! If you have a project that you would like to discuss, please call either
Bradd Pierce
or
Gary Witkowski
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Lender Name
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Number of Loans
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| Traverse City State Bank |
18 Loans
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| Huntington Bank |
7 Loans
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| Grand River Bank |
5 Loans
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| Chemical Bank |
4 Loans
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First Community Bank
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4 Loans
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Macatawa Bank
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3 Loans
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| Choice One Bank |
2 Loans
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My Personal Credit Union
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2 Loans
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West Michigan Community Bank
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2 Loans
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Chase Bank
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1 Loan
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Comerica Bank
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1 Loan
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| First National Bank of MI |
1 Loan
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| Honor State Bank |
1 Loan
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Independent Bank
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1 Loan
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Key Bank
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1 Loan
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Lake Michigan Credit Union
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1 Loan
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Mercantile Bank of Michigan
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1 Loan
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Old National Bank
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1 Loan
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*Totals are as of 8/30/17
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56 Loans
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EDF's Inaugural 2017
Lenders Cup Golf
Tournament!
And the Winner Is.......
Traverse City State Bank!
On September 14, 2017 EDF hosted it's Tenth Annual Golf Outing featuring our inaugural Lenders Cup Tournament! The Lenders Cup is a competition among the lending institutions that had loans authorized with EDF over the past fiscal year.
The following banks competed:
Chase Bank, Chemical Bank, ChoiceOne Bank, Comerica Bank, Grand River Bank, Huntington Bank, Independent Bank, Lake Michigan Credit Union, Macatawa Bank, Traverse City State Bank and
West Michigan Community Bank
Traverse City State Bank was this year's winning foursome shooting 13 under par.
Traverse City State Bank
Patrick Burds, Daniel Stoudt, Adam Rhodes and Jeff Rademacher
Chase Bank
Josh Geoghan, Kirstyn Monroe, Pamela Schuitema
and Gary Beyer
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Chemical Bank
David Kiekintveld, David Haagsma, Bill Bruinsma
and Mike Keast
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ChoiceOne
Rob Robbins, Brad Henion, Josh Hucul
and Jason Parker
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Comerica Bank
Brad Walendzik, Doug Adams, Derek Aten,
and Michael Van Diepenbos
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Grand River Bank
Steve Grey, Ryan Wolthuis, Brent Kehrwecker
and Matt Vermeer
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Huntington Bank
Mike Moraw, John Burmeister, Andy Jackson,
and Scott Wagasky
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Independent Bank
Cecil MacLaren, Mark Hofmeyer, Steve Potter,
and Rob Bengel
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Lake Michigan Credit Union
Ryan Naumes, Peter Rahrig, Jim Kossel
and Jack Keller
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Macatawa Bank,
Alex Merz, Todd Mulder, Kurt Hanko
and Eric Brower
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West Michigan Community Bank
Ryan Sabin, Jim Bishop, Andrew Rugg
and Mike Eling
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We would also like to thank the following sponsors
for supporting our event!
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Edmondson Engineering, Inc.
Gary Witkowski of
EDF partnered with Patrick Burds of Traverse City State Bank and Jim Edmondson, owner of Edmondson Engineering, Inc, to finance a SBA 504 loan project for the purchase of a new building. Jim was previously renting a facility; however, wanted to own his own building that would allow him to accommodate future growth.
Edmondson Engineering, Inc. dba Trison Engineering Group, Inc. is a professional consulting firm providing a full range of quality structural engineering services. The company operates in the 5-county area of Northern Michigan surrounding Traverse City. They have the capabilities to design and analyze structural assemblies ranging in size and complexity from small commercial alterations, individual equipment supports to multi-story buildings.
The SBA 504 program allowed Jim to realize his dreams of owning his own building at a low fixed interest rate for 20 years with only 10% equity.
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The
EDF
team consists of eight professionals with many years of SBA 504 experience combined, so please put our expertise to use and call us with any questions you have about the program.
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Julie Parker
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President
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(616) 323-1276
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Gary Witkowski
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Loan Officer
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(616) 323-1275
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Bradd Pierce
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Senior Loan Officer
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(616) 323-1277
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Matt Mankivsky
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Junior Loan Officer
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(616) 323-1278
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Kyle Wilson
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Servicing Manager
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(616) 323-1272
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Abbey Byrne
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Closing Manager
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(616) 323-1274
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Laura Seromik
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Closing Specialist
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(616) 323-1273
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| Amy Dubridge |
Junior Loan Officer & 7(a) Specialist |
(616) 323-1279
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[email protected] |
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Economic Development Foundation
616-459-4825
1345 Monroe Ave NW
Suite 132
Grand Rapids, MI 49505
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Copyright © 2017. All Rights Reserved.
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