EDF is in the business of making things happen for small business. We help originate, close and service SBA 504 Loans and we also package 7(a) Loans for our lending partners. As a Certified Development Company that was founded in 1981, we have over 30 years of experience to guide you through each step of the way. Our expert staff knows how to make the process simple, fast and successful – for both the small business in need of financing and the lending institution seeking to minimize loan risk.
504 Loan Information
Small businesses are recognized as innovators and employment generators. Their success and growth is critical to the health of America’s economy. However, small businesses sometimes encounter difficulties securing long-term financing at affordable interest rates. Recognizing an opportunity to provide support, the Small Business Administration (SBA) offers businesses, and lending institutions that partner with them, an additional financing option with the SBA 504 Loan Program. It is the job of the Economic Development Foundation (EDF) to encourage the use of 504 lending throughout Michigan.