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Credit Union One

FERNDALE, MI 48220

40
Loans Approved
$10.6M
Total Volume
$266K
Avg Loan Size
2
States Served

States Served

FloridaMichigan

Top Industries Financed

  • All Other Personal Services
  • Offices of Lawyers
  • Offices of Physical, Occupational and Speech Therapists, and Audiologi
  • Nonupholstered Wood Household Furniture Manufacturing
  • General Freight Trucking, Local

Quick Summary

Credit Union One is an SBA-approved lender headquartered in FERNDALE, Michigan. Since 2020, they have approved 40 SBA 7(a) loans totaling $10.6M, with an average loan size of $266K. They serve businesses across 2 states.

About Credit Union One

Credit Union One is an SBA-approved lender headquartered in FERNDALE, Michigan. Since 2020, they have approved 40 SBA 7(a) loans totaling $10.6M, with an average loan size of $266K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Credit Union One an SBA Preferred Lender?

Credit Union One is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Credit Union One approved?

According to SBA FOIA public records, Credit Union One has approved 40 SBA 7(a) loans totaling $10.6M since 2020. Their average loan size is $266K.

What states does Credit Union One serve?

Credit Union One serves businesses in 2 states: Florida, Michigan.

How do I apply for an SBA loan with Credit Union One?

To apply for an SBA 7(a) loan with Credit Union One, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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