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 7, 2020
March 6, 2020
April 10, 2020
May 8, 2020
June 12, 2020
July 12, 2020
August 7, 2020
September 11, 2020
October 9, 2020
EDF Closing Window (Meeting to
Sign Closing Documents)
February 17 – March 4
March 23 – April 1
April 20 – May 5
May 18 – June 3
June 22 – July 1
July 20 – August 5
August 24 – September 2
September 21 – September 29
October 19 – November 2
Funding Date
(*Indicates the months 10 year notes fund)
April 15, 2020
May 13, 2020*
June 17, 2020
July 15, 2020*
August 12, 2020
September 16, 2020*
October 14, 2020
November 10, 2020*
December 16, 2020
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
3980 Chicago Drive, SW Suite 220
Grandville, MI 49418
[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!