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EDF Quick Links
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EDF Homepage
SBA Homepage
Current Rates
20-year rate: 5.58%
20-year refinance rate: 5.94%
10-year rate: 4.50%
10-year refinance rate: 4.93%
EDF Contacts
Ph. 616-459-4825
Fax 616-458-5736
TF 888-330-1776
Sandy Bloem
Executive Director
Cell 616-540-6753
sandy@growmichigan.com
José Santamaria
Loan Officer
Cell 616-540-5481
jose@growmichigan.com
Bradd Pierce
Loan Officer
Cell 616-304-8881
bradd@growmichigan.com
Gary Witkowski
Relationship Manager
Cell 616-540-5174
gary@growmichigan.com
Seth Beals
Relationship Manager
seth@growmichigan.com
Kecia Flynn
Portfolio Manager
kecia@growmichigan.com
Abbey Byrne
Closing Manager
abbey@growmichigan.com
Jill Dean
Administrative Assistant
jill@growmichigan.com
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July's SBA 504 20-year effective rate is 5.58%. 10-year bonds were also sold this month with an effective rate of 4.50%. Please note that refinance rates will be slightly higher than regular 504 rates. (Rates may also vary slightly based on approval date.)
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New Loan Officer
EDF has added a new member to the team! We would like to officially welcome José Santamaria as our new Loan Officer. Based out of Kalamazoo, his market area is Southwest Michigan, and his first day with EDF was June 27, 2011. José has over 20 years experience in commercial lending, and EDF is very fortunate to have persuaded him to join us. More info to follow next month including detail on his extensive banking background and a picture. To contact José, please see below:
José E. Santamaria, Loan Officer
Economic Development Foundation
1345 Monroe NW, Suite 132
Grand Rapids, MI 49505
Phone 616-459-4825
Tollfree 888-330-1776
Cell 616-540-5481
Fax 616-458-5736
E-Mail: jose@growmichigan.com
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EDF Year End Wrap Up
June 30, 2011 was the end of a very positive year for EDF. Our loan approvals increased by 82% over last year! With the expansion of our sales team, EDF is looking forward to the coming year with great expectations for an equally exciting 2012. We believe that Michigan is growing again, and we are poised to help many of these companies with expansion plans using an SBA 504 loan.
We would also like to take this opportunity to thank all our Lending Partners, Small Business Customers, Board Members, and General Members who have supported EDF in some way during the past 12 months! We would not have this success without your support. We look forward to working with everyone again in the coming year.
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"Financing Growing Businesses in Michigan Since 1981"
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