Testimonials

Ebels Family Center - Falmouth, MI
“In 2005 and twice in 2017, our companies were able to utilize the 504 loan program through EDF.  We’ve had a great experience with the folks at EDFand we have worked with some of the same people on all of the loans, which says a lot for their organization.  The projects that we completed were major infrastructure projects that were necessary for our businesses continued growth.  With over 100 people directly involved with our businesses as employees and contractors, we are very blessed to make a positive economic impact in our rural area.  My family is thankful we could utilize the 504 loan program and work with a quality organization like EDF to get the job done. The long term fixed rate financing is a huge benefit to our companies providing stability and the opportunity for growth.”

– Bob Ebels, Owner

Allen Partners Companies - Otsego, MI
“Working with EDF has been a real pleasure, the team guides you through the process, interfaces with SBA and the local lender, and generally makes an intimidating process painless.”
-Mark Allen, Owner
Premiere Property Services, Inc. - Grand Rapids, MI
“We have been dreaming of expanding for years, and without the help of the EDF and the 504 Program, it would not have been possible. The 504 program made it a reality to secure affordable financing which in turn helped us put more money back into our business.”
-Scott Kelting, President
Rockwell Republic - Grand Rapids, MI
“The 504 program worked very well for me as a businessperson. Much of my companies growth and growth opportunities, in the past, have come with the acquisition of restaurant businesses, but because of either the capital required or the specific situation I have not had many opportunities to acquire the real estate on which these restaurants operate.  EDF assisted me with the financing necessary in order acquire both Rockwell’s Republic restaurant business and the real estate in which the business resides in downtown Grand Rapids. The ownership of the land and buildings will allow my company to diversify our assets, which makes us stronger, while still focusing on our core business in the hospitality industry.”

-Jeff Lobdell, Owner

Aromech, Inc. - Holland, MI
“Thank you for the friendly, professional, and expeditious experience I had with your organization implementing my loan on the 504  program.  I was impressed by the detailed knowledge and fluid communication the whole team had with my bank, real estate agent and attorney. Everyone seemed connected with each other, and I was just being copied with minimal tasks throughout the process. Felt like the “A” team was on my side, and this greatly reduced the stress/workload I was anticipating from talking to others who have previously taken part in the 504 program.” – Fred Egge, Owner
 
Envision Engineering, LLC
“With the help of EDF and the SBA, Mike and I were able to advance forward with this big step. The 20 year fixed (low) interest rate (for the SBA portion) and ability to fund the project with only 10% down was a real benefit, and frankly why we went the SBA route. The SBA lending team was both courteous and helpful, I would have no problem recommending them to a friend.”
-Scott Roerig, Owner
Tool N Die - Wayland, MI
“We appreciated all of the help and support we received from EDF to obtain our SBA 504 loan, which in return let us focus on growing our Tool and Die business.” – Dennis Myers, Owner
Traverse City Golf Center - Traverse City, MI
“The 504 Loan program helped me to realize my dream to own Traverse City Golf Center.” – Toby Boynton-Fisher, Owner
Rockford Package Supply, Inc. - Comstock Park, MI
“The EDF team was very thorough and patiently guided us through all the documentation requirements.   They were very knowledgeable and they anticipated each step of the process. I highly recommended the SBA program through Economic Development Foundation to anyone who is considering new opportunities.” – Howard Paulson, President

Funded Projects

AmericInn of Ironwood

  • Location: Gogebic County
  • Lender: First National Bank of Deerwood
  • Industry: Hospitality
  • Jobs Created/Retained: 12

Culver’s of Grand Rapids

  • Location: Kent County
  • Lender: Macatawa Bank
  • Industry: Food Services
  • Jobs Created/Retained: 20

Hampton Inn

  • Location: Wayne County
  • Lender: First Citizens Bank
  • Industry: Hospitality
  • Jobs Created/Retained: 29

Highpoint Electric, Inc.

  • Location: Kent County
  • Lender: Mercantile Bank
  • Industry: Construction
  • Jobs Created/Retained: 4

Hudsonville Family Dentistry

  • Location: Ottawa County
  • Lender: West Michigan Community Bank
  • Industry: Health Care
  • Jobs Created/Retained: 5

SBA 504 Loan Video Testimonials

Southland Auto Wash

Great Lakes Potato Chip Co.

Precision Wire Forms