4259 Door Commerce Drive
Wayland, MI 49348
Jobs To Be Created: 5
EDF recently partnered with West Michigan Community Bank to assist Tool N Die, Inc. to move their growing operations from their personal residence into a new commercial building located in Wayland, MI. Tool N Die, Inc. formed in 2014 is owned by Daniel Dutkiewicz and Dennis Myers. This company designs and builds quality metal stamping dies.
Bradd Pierce at EDF worked with Jeremy Deutschmann of West Michigan Community Bank, Dan and Dennis’ lender, to finance the construction of their building. The 504 loan was the perfect solution for Tool N Die, Inc. as they were able to lock in a low-interest rate for 20 years, and because they are a newer company, they were only required to put 15% down. Their new location will allow them to bring both production and the try-out/buy-off process in-house, which were previously out-sourced and a critical component of their business. “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,” said Dennis Myers.