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
November 11, 2020*
December 9, 2020
January 13, 2021*
February 10, 2021
March 10, 2021*
April 14, 2021
May 12, 2021*
June 9, 2021
July 14 , 2021*
August 11, 2021
September 8, 2021
October 13, 2021
EDF Closing Window (Meeting to
Sign Closing Documents)
November 16 – November 25
December 14 – January 6
January 18 – February 1
February 15 – March 3
March 15 – April 1
April 19 – May 4
May 17 – June 3
June 21 – July 1
July 19 – August 4
August 23 – September 2
September 20 – October 1
October 18 – November 3
Funding Date
(*Indicates the months 10 year notes fund)
January 13, 2021*
February 17, 2021
March 17, 2021*
April 14, 2021
May 12, 2021*
June 16, 2021
July 14, 2021*
August 11, 2021
September 15, 2021*
October 13, 2021
November 17, 2021
December 15, 2021
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!
Michelle Vargo | Closing Manager
Economic Development Foundation
3980 Chicago Drive, SW Suite 220
Grandville, MI 49418
[email protected]
Office: (616) 323-1278
Do you have closing checklist items that you would like to upload securely and directly to Michelle?
Please Click Here!