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  • GLCF Credit Report and Deposit Consent Form

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  • Consent to Order Credit Reports

  • I,      ,  give GLCF consent to order and review credit reports, as necessary, to determine the credit status of my business.

  • Application Deposit

  • At the signing of this agreement, the Applicant agrees to make an application deposit payable to Great Lakes Commercial Finance for $2,500, or 1% of the net debenture proceeds, whichever is less.  Underwriting of the loan application cannot begin until this deposit is received.  This good faith deposit will be held in escrow until the loan is funded, at which point it will be refunded in full to the applicant.  

    Withdrawal of Application Before SBA Approval:

    If the Applicant withdraws its loan application at any time before the SBA issues the Authorization (approval), GLCF will deduct reasonable and necessary costs incurred in the packaging and processing of the loan application. Such costs will be documented in the file and available to the Applicant. Included in these costs will be any third-party, out-of-pocket expenses incurred by GLCF, including, but not limited to, overnight delivery, postage, filing fees, environmental reports, and certification fees. These costs may include a processing fee based on the number of hours invested in the processing. The remaining Application Deposit balance will be returned to the Applicant. 

    Withdrawal of Application After SBA Approval:

    If the Applicant withdraws its loan application after the SBA issues the SBA Authorization, or if the SBA Authorization is withdrawn, canceled, or terminated for any reason, the Applicant forfeits the entire Application Deposit.

     

  • Please use the link below for ACH or Credit Card payments totaling $2,500 only.  If your loan is under $250,000, please check the proper box above and a customized invoice will be emailed to you with options to pay via credit card, ACH, or check.

    Pay Via Credit Card or ACH

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  • *Please note that any fees associated with an ACH Transfer or Credit Card payment will be added as an administrative cost and deducted from the application deposit.  Credit Card fees are 3.5% of the deposit amount.  The standard ACH fee is $15.00, and subject to any additional fees your bank may charge.

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