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June 30, 2022

A Return to the 70s? Stagflation Explained

With Inflation running at around 8% in both the U.S. and Europe, growth is starting to slow down, prompting fears of a recession. That has led to some economic institutions, including the World Bank, to warn of “stagflation” lurking in the background. The term, a mash-up of stagnation and inflation, was popularized in the 1970s…

Blog

June 30, 2022

A Return to the 70s? Stagflation Explained

March 24, 2022

Inflationary Times: Businesses Must Define Next Financing Steps

February 17, 2022

Be Prepared: Interest Rate Hikes Looking More Likely for 2022

January 25, 2022

Great Lakes Business Credit Awarded ‘Best of MichBusiness’ Honors

October 29, 2021

Businesses Beware: Lending Scene Could Change

August 20, 2021

Inflation, Higher Fed Rate Could Trigger Tighter Credit

What Our Clients
Say About Us

“Great Lakes Business Credit came onboard during a difficult transition period and provided Rite Track the flexible financing needed to grow our business and support our global customer base. They took the time to understand our business and tailored a plan to meet our needs. The people at GLBC have been great to work with and we value the business relationship that has been developed!”

— Tim Hayden, CEO, Rite Track

“GLBC has really shown an amazing position in the world of financing. In today’s world, the traditional banking group has not been there to meet the needs of the future; especially during the global issues posed by COVID-19. Our company is in a super-fast time of growth and GLBC has been there with us in every step at the pace we need to seize the future. Much thanks to the whole GLBC Team.”

— Ray Weidenfeller, CEO, Sunhill Global

“The Great Lakes team is about professionalism, efficiency, and results. They have a keen eye on supporting our development and success.”

— Paul Z., President, Health Care Company

“GLBC has provided the necessary flexibility in our lending needs over the last two years to allow us to keep growing.”

— President, Ohio-based Point of
Purchase Display Company

“GLBC has helped Ravenna Pattern & Mfg. substantially. In a world where things change by the second, Great Lakes Business Credit has been consistent and there for us.”

— Joshua T. Emery, President, Ravenna Pattern & Mfg.

“The GLBC Team has been a breath of fresh air in a tough time for business. Their staff and response to any and all needs has been on point during our time with them. It is a relationship we honor having partnered with.”

— R. May, President, RGM Tooling Consultants

“We found in GLBC a dedicated, honest, candid banking partner that upholds the ‘partner’ in our relationship. If the GLBC team says they can put a deal together, they walk their talk and get it done, which is a welcome confidence in the banking space.”

— Bruce Dieterle – CEO & President, Michigan Wheel

“We had a 14-day timeline to get our financing done to meet our needs and Great Lake Business Credit got it done!”

— Janet Courtney, CEO, Lighthouse Therapy
Online Therapy Services

“We were looking for a partner to take over the revolver at one of our portfolio companies and also provide more flexibility for the business. GLBC was very accommodating and attentive. They delivered on what they committed to and have provided the business the additional liquidity and flexibility that they needed. We are very pleased that we chose GLBC to partner with us on this opportunity and remain grateful for their participation and excellent service.”

— Managing Director, SE Michigan Private Equity Firm

“Great Lakes Business Credit has provided financing solutions for our business in a manner designed around our company strengths. Due to the nature of our business, we regularly experience seasonal and market trading cycles. The GLBC staff has been responsive to our specific financing needs. This relationship has provided us the opportunity to meet our business goals.”

— Patrick S., CFO, marine cargo handling company

“We are thrilled! The GLBC team demonstrated their efficiency and flexibility by quickly and professionally offering a solution to the unique financing problem we were facing. Within a very short timeframe, GLBC learned our business, its immediate needs, and offered a timely and customized solution with a level of service comparable to a private wealth management platform. I would recommend GLBC to be professional and timely.”

— Jerome Harvey, CEO and owner, Great Lakes
Waterjet & Laser, Albion, Mich.

“The team we work with provides excellent instruction and quick follow through on cash flow issues. Our payables are up to date less than three months after transitioning from traditional banking. We are meeting our goals, getting assistance at every turn.”

— Dave O’Keefe, President, Midwest Tool & Die, Inc., Rockford, Mich.

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