Crain's Detroit Business - The Grand Rapids-based Economic Development Foundation has announced it is expanding to Southeast Michigan with the appointment of Beth Ann Arroyo as the senior loan officer in charge of the market for the foundation.The foundation is a certified development corporation that helps match banks with small businesses seeking U.S. Small Business Administration loans. Specifically, the corporation is certified to handle SBA 504 loans used for equipment and commercial real estate purchases. CDCs fund
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