David Klooster

Assistant Professor of Economics and Finance; Associate Director, MBA Program

David Klooster has over 25 years of experience in finance and commercial lending, with a dedicated emphasis in small business administration financing. Throughout his career, he has assisted hundreds of small business owners in obtaining financing to start, grow, and sell their small businesses.

He is currently working to complete his Doctor of Business Administration (DBA) studies at Anderson University.

Education

  • MBA, Cornerstone University (2017)
  • B.A., Calvin College (1989)

Professional Experience

Professor Klooster has taught finance courses as an adjunct professor at Cornerstone University since 2018. As the owner/manager of SBA Professionals, LLC, he has also helped small banks around Michigan process and close government-guaranteed loans, and developed new business opportunities for small banks and credit unions.

From 2000 to 2003, he served as the assistant vice president at Kent Commerce Bank. During his time there, he was instrumental in helping Capital Bancorp win the Community Bank Lender of the Year award in both 2001 and 2002. His career experience also includes work as a portfolio manager, commercial credit officer, and credit analyst.

Teaching Philosophy

Coming from a background of substantial industry experience and knowledge, I have attempted to craft my teaching philosophy around the lessons I learned there.  Primarily, I very much see the student as the customer – someone to whom I have both an intellectual and fiduciary accountability based on their investment and the knowledge they expect to gain.  My primary job is to impart the knowledge I have on the subject matter to the student and to shepherd the student through the rigors of the class, and to some degree the minefields of early adulthood.

I accomplish that in various ways.  My business experience of over 30 years is available to me, and consequently to them as well, as a trove of stories and lessons to draw from for the student’s benefit.  Since I’ve seen so many different businesses and seen them in all types of situations (from start to ‘finish’ and everything in between), there is often a story or experience I’ve had that relates exactly to the topic at hand.  That said, I also use modern methods of presentation from slides to TED talks to topical expert speakers.   To augment these teaching methods, I also use the student’s personal business aspirations to set up practical solutions within the subject matter at hand.  This further engages students as they see the usefulness of the curriculum.  Lastly, I try to engage students outside of the classroom if they are interested.  Honest and thoughtful personal engagement, when possible, often produces the most memorable learning experiences.

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