January 2019
January 2019 Interest Rates
25 Year Rate
20 Year Rate
10 Year Rate
The declining SBA 504 rates are great news for small businesses that are planning to construct or acquire a new building, refinance commercial debt or purchase capital equipment. Call us today for a cost estimate!
Government Shutdown

The government may be shut down, but EDF is still here working diligently on new applications. Our goal is to get new projects complete and ready to send to the SBA the minute the government re-opens. If you have a new project, please call our office at (616) 459-4825 or you may email Bradd Pierce at Bradd@growmichigan.com or Nik Hoezee at Nik@growmichigan.com.
EDF Holiday Giveaway Winner!
And the winner of the Amazon Echo Spot is.... Lindsay Spitler, Vice President and SBA Business Development Officer for Bank of America Merrill Lynch.

Lindsay is a great supporter of EDF and the SBA 504 loan program. Congratulations to Lindsay and thank you to all those that entered our EDF Holiday Giveaway!
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
Grand River Bank
1 Loan
Independent Bank
1 Loan
Lake Michigan Credit Union
1 Loan
Macatawa Bank
1 Loan
Team One Credit Union
1 Loan
United Bank of Michigan
1 Loan
West Michigan Community Bank
1 Loan

FY 2019 Total
Totals as of 12/31/18
9 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.

March Madness Events - 2019

March Madness is just around the corner and we would love to see you at one of our mixers! It is a great time to network with our staff and other lenders. This year, in addition to our Grandville and Kalamazoo events, we will also be hosting an event in Traverse City.

Lunch and drinks will be provided at each event. Details are below along with links to register!
Thursday, March 21st
12:00 - 4:00 PM
Latitude 42
6101 W. Main Street
Kalamazoo, MI 49009
Click Here  to Register!

Traverse City
Thursday, March 21st
12:00 - 4:00 PM
Pangea's Pizza
135 E. Front Street
Traverse City, MI 49684
Click Here  to Register!

Friday, March 22nd
12:00 - 4:00 PM
3940 Rivertown Parkway
Grandville, MI 49418
Click Here  to Register!
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If you are unable to make one of the events, you can still participate by filling out a bracket. There is no cost to participate and the winner or winners will receive a $100 Amazon Gift Card!

On Monday, March 18th the brackets will be sent out via email. Simply fill it out and return it prior to the start of the tournament and you will be entered to win! Weekly updates will be sent out throughout the tournament!

Click Here to Register!
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 Amy@growmichigan.com or Nik Hoezee at (616) 323-1271 , or Nik@growmichigan.com.
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  Kyle@growmichigan.com .
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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