Is your business looking to buy or construct a building or add machinery and equipment? The Chamber can help connect you to the right resource. Small Small Businesses along the Lakeshore can access long-term low-interest financing called SBA 504 loans through the Economic Development Foundation (EDF). The SBA 504 loans, which EDF processes, closes and services, are made to small businesses for real estate acquisitions, construction and equipment purchases. 504 financing offers several advantages to the small business investor including longer terms, low down payments, attractive interest rates and lower lender risk.The Economic Development Foundation, or EDF, of Grand Rapids and Lakeshore 504, with offices in Holland and Grand Haven, have merged their operations, and all loans previously managed by Lakeshore 504 are now managed by our Small Business Finance Partner, EDF. Jane Clark, President of the West Coast Chamber stated, “For nearly 35 years, we have partnered with Lakeshore 504 to offer long-term fixed-asset financing to our small business members for their real estate acquisitions, construction, and equipment purchases through the Small Business Administration. The merger of Lakeshore 504 and The Economic Development Foundation allows us to continue our support of growing businesses in our community."
Click the button above to inquire about a SBA 504 Loan.
Want to know more about the merger?
Read the West Coast Chamber press release.
Read the EDF press release.