December 2018
December 2018 Interest Rates
25 Year Rate
20 Year Rate
10 Year Rate
EDF Holiday Giveaway
In the spirit of this Holiday season, EDF will be giving away an Amazon Echo Spot to one lucky winner! The only thing you need to do to enter is to click here!

EDF will be picking a winner from all entries on Friday, December 28th .

Good luck!
Happy Holidays from Your Friends At EDF!
From Left to Right: NIk Hoezee, Laura Seromik, Gary Witkowski, Julie Parker, Kyle Wilson, Abbey Byrne, Bradd Pierce, and Amy DuBridge.

As the holiday season is upon us, we find ourselves reflecting on the past year and those who have helped make our business a success. It has been a great year and we hope 2018 has been just as memorable for you, your colleagues and your loved ones. We look forward to working with you in the years to come.

Your Friends at EDF !
Please note that our office will be closed December 24th and 25th and December 31st and January 1st!
Lender Leader Board

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 current fiscal year (09/30/19), the lending institution with the most loan approvals will receive EDF's Lender of the Year Award.
Chemical Bank
1 Loan
Fifth Third Bank
1 Loan
Macatawa Bank
1 Loan
Team One Credit Union
1 Loan
United Bank of Michigan
1 Loan

FY 2019 Total
Totals as of 11/30/18
5 Loans
The Lenders Cup

All of the lenders listed above, along with any other bank or credit union that has a project authorized by  EDF prior to September 1, 2019, will be eligible to compete in The Lenders Cup Golf Tournament! Last year's traveling trophy went home with West Michigan Community Bank. This year's event will take place on  September 12, 2019 at Thornapple Pointe Golf Course . Each lending institution will have the opportunity to submit a foursome to compete.
Featured 504 Funding
Maple Leaf Self Storage, LLC
This months featured funding is a ground up construction project for a self-storage facility located in Ludington, MI. EDF's VP of Loan Operations, Gary Witkowski partnered with Steve Mitchell of Honor Bank to help him facilitate his first ever SBA 504 Loan.

Maple Leaf Self Storage was formed in 2017 and is owned by local attorney Ryann Embury. Project financing included the purchase of land and construction costs with a 50/30/15 structure. The borrower constructed three prefabricated steel storage buildings with 154 individual units encompassing 27,200 square feet of rental storage space. The units vary in size from 5' x 5" to 10' x 30".

The location is excellent and was very appealing to Ryann with 309 feet of frontage on Pere Marquette Road. Additionally, the facility is across the street from a 37 acre RV resort called Poncho's Pond, which is made up of 276 full hook-up RV camp sites.

This project is a good reminder for lenders that self-storage facilities are eligible under the SBA 504 loan program. SBA also considers these types of properties as multi-purpose. If you have an existing self-storage customer that is looking to expand or purchase a new location, your borrower does qualify for a 10% down payment. This, along with our 25 year fixed rate can be an excellent option for the borrower.

To learn more about the benefits of the SBA 504 Loan Program, or how EDF can assist you, please contact us at 616-459-4825.
Call EDF for your 7(a) Packaging Needs

EDF   can assist your bank or credit union with 7(a) Loan eligibility and questions. We can also prepare loan applications and submit them directly to the SBA for approval. If you do not have an in-house SBA specialist, please consider using  EDF for your packaging needs.   For more information, please contact Amy Dubridge at (616) 323-1279  or or Nik Hoezee at (616) 323-1271 , or
Schedule a Lunch and Learn
EDF  would love the opportunity to bring lunch to your organization, get to know your entire team, and do a brief presentation on the benefits of the 504 Loan Program. We are currently scheduling into February and March. If you would like to set up a time, please call Kyle Wilson at  (616) 323-1272   or you may send an email to .
EDF Staff
Julie Parker
(616) 323-1276
Bradd Pierce
Senior Loan Officer
(616) 323-1277
Gary Witkowki
Vice President of Loan Operations
(616) 323-1275
Amy DuBridge
Loan Officer
& 7(a) Loan Specialist
(616) 323-1279
Nik Hoezee
Loan Officer
(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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