Press Releases from the EDF

Small business owners can refinance existing debt and use excess equity to obtain working capital for financing of eligible business expenses.

The Vision of a Customer Service Oriented Auto Repair Shop Helped by SBA 504 Loan Program and Economic Development Foundation

Skyline Exhibits West Michigan utilizes SBA 504 loan from EDF to purchase their commercial office building.

First use of SBA refinance program in Michigan by Economic Development Foundation and Tapper Automotive

A proposed increase in the size of SBA loans, up 150% to $5 million, supports more business growth and job creation.

While Michigan’s unemployment rate is still one of the highest in the nation, local lenders have continued to support the small business community with access to capital using the Small Business Administration’s loan programs.

Traverse Legal, PLC purchased office space utilizing a Small Business Administration 504 loan through Economic Development Foundation and will add staff to their work force.

The American Reinvestment and Recovery Act’s fee reductions make the SBA 504 loan more affordable for small businesses looking for credit to expand and flourish in Michigan.

SBA Loan Fees will be paid by extended stimulus package to help create jobs.

Economic Development Foundation (EDF) is pleased to announce Brent Kehrwecker, Second Vice President, Commercial Banking Loan Officer at Byron Bank, has been awarded their “Small Business Administration (SBA) 504 Lender of the Year”.

SBA Loan Fees will be paid by extended stimulus package to help create jobs.