Bradd Pierce, EDF Senior Loan Officer, teamed up with Mark Martis, Grand River Bank’s Chief Lending Officer, to provide SBA 504 financing for K & T Tool and Die, Inc.

K & T Tool and Die, Inc. located in Rockford, Michigan is a full service tool and die shop specializing in small to medium progressive dies. It was formed in 1992 and purchased in July 2015 by the current owners, Ed Talcott, James Bristol, and Klint Beck who were employees of the previous owner.

“K & T Tool and Die looked at several options when deciding how to finance our growth. Other finance institutions told us, how a conventional loan would better suite our requirements. In my opinion, the other banks really did not understand what we needed. Grand River Bank, with the help of Mark Martis, recognized that we had limited resources and recommended that we should look at the 504 program. With the help of EDF we utilized the benefits of the 504 program. Although, more paperwork was required, EDF made it as easy as possible. They provided the forms and knowledge on how to best process the documents. Not only were we able to finance our building with 10% down we were able to include financing for some critical machinery required for our growth,” said Ed Talcott.