Founded in 2002. Great Lakes Business Credit is an asset-based lender that is focused exclusively on providing business loans of $500,000 to $6 million. Our experienced team of financial professionals serve enterprises located in the Eastern half of the United States.
Our borrowers can pay off their loan relationships without penalty and no early termination fees.
General Lending Parameters
First security interest in all assets of borrower
Personal guaranty of principal owner(s) > 20%
Notes payable to related parties are subordinated to GLBC
Weekly borrowing base reporting
12-month facilities; no early termination fees
Full dominion of funds, with lockbox
Quarterly field exams
*These are general guidelines as advance rates, ineligibles and caps may change when considering individual requests.