States Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Offices of Chiropractors
- General Automotive Repair
- Drinking Places (Alcoholic Beverages)
Quick Summary
Lake Trust CU is an SBA-approved lender headquartered in BRIGHTON, Michigan. Since 2020, they have approved 39 SBA 7(a) loans totaling $15.2M, with an average loan size of $390K. They primarily serve Michigan businesses.
About Lake Trust CU
Lake Trust CU is an SBA-approved lender headquartered in BRIGHTON, Michigan. Since 2020, they have approved 39 SBA 7(a) loans totaling $15.2M, with an average loan size of $390K. They primarily serve businesses in Michigan.
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Frequently Asked Questions
Is Lake Trust CU an SBA Preferred Lender?
Lake Trust CU 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 Lake Trust CU approved?
According to SBA FOIA public records, Lake Trust CU has approved 39 SBA 7(a) loans totaling $15.2M since 2020. Their average loan size is $390K.
What states does Lake Trust CU serve?
Lake Trust CU primarily serves businesses in Michigan.
How do I apply for an SBA loan with Lake Trust CU?
To apply for an SBA 7(a) loan with Lake Trust CU, 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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