Funding Calendar

We look forward to assisting you in the closing of your SBA 504 Loan.  After approval of your loan authorization, you will receive a closing checklist from our office specific to your loan.  Once we are in receipt of all closing checklist items, we will coordinate a time with you to sign documents.

Please note that 20 and 25 year notes fund every month and 10 year notes fund every other month.  The last column below highlights the funding date each month set by the SBA and the other columns indicate the deadlines required to meet those funding dates.

Closing Checklist items
Due to EDF

February 8, 2019
March 8, 2019
April 12, 2019
May 10, 2019
June 7, 2019
July 10, 2019
August 9, 2019
September 6, 2019
October 4, 2019

EDF Closing Window (Meeting to
Sign Closing Documents)

February 21 – March 4

March 21 – April 1
April 19 – April 29
May 24 – June 1
June 21 – July 1
July 19 – July 29
August 23 – September 2
September 20 – September 27
October 18 – October 25

Funding Date
(*Indicates the months 10 year notes fund)

April 17, 2019
May 15, 2019*
June 12, 2019
July 17, 2019*
August 14, 2019
September 11, 2019*
October 16, 2019
November 13, 2019*
December 11, 2019

Please note that the final funding month is subject to approval by SBA’s closing attorney.

 

Do you have questions regarding your loan funding?  Please call:

Abbey Byrne | Closing Manager
Economic Development Foundation
1345 Monroe NW, Suite 132,
Grand Rapids, MI 49505

[email protected]
Office: (616) 323-1274

Do you have closing checklist items that you would like to upload securely and directly to Abbey?

Please Click Here!