Gary Kuhlmann and Steve Stephan have purchased the Culver's Restaurant located at 4820 Alpine Avenue in Comstock Park. Economic Development Foundation worked with Scott Vroegindewey of Macatawa Bank to provide the SBA 504 loan for the building purchase.

As a result of this business and real estate acquisition, more than 10 full time and 20 part time jobs were saved and the popular Culver's franchise location will continue to operate at this existing location. 
 

Culver's has won numerous local and national awards for excellence in quality, service, convenience, cleanliness, value, atmosphere, menu variety and reputation. Culver's Restaurants are a valued and vital part of any community.

SBA Recovery Act

As stated in our last newsflash, the deadline to submit Recovery Act loans was extended to March 4, 2011, however, as of December 28, 2010, SBA activated the SBA Loan Queue because Recovery Act funds have been exhausted.  All new loan applications will carry the regular fees.
 
 If a loan is currently in the Queue and needs to close, we simply request SBA to pull the application out of the Queue and SBA will approve it as a regular application.

SBA Detroit District Office
 EDF would like to send a hearty thank you and congratulations to the outgoing SBA Detroit District Director, Richard Tempkin!  Dick has been with the SBA for 42 years!  His retirement will be celebrated with a luncheon on Friday, January 14.  The interim District Director will be Allen Cook, also a long-time veteran of the Detroit District Office.