Top Industries Financed
- General Automotive Repair
- Retail Bakeries
- Drinking Places (Alcoholic Beverages)
- Child Day Care Services
- General Freight Trucking, Long Distance, Truckload
Quick Summary
Summit CU is an SBA-approved lender headquartered in COTTAGE GROVE, Wisconsin. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 220 SBA 7(a) loans totaling $55.6M, with an average loan size of $253K. They serve businesses across 2 states.
About Summit CU
Summit CU is an SBA-approved lender headquartered in COTTAGE GROVE, Wisconsin. Since 2020, they have approved 220 SBA 7(a) loans totaling $55.6M, with an average loan size of $253K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Summit CU an SBA Preferred Lender?
Yes, Summit CU is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Summit CU approved?
According to SBA FOIA public records, Summit CU has approved 220 SBA 7(a) loans totaling $55.6M since 2020. Their average loan size is $253K.
What states does Summit CU serve?
Summit CU serves businesses in 2 states: Minnesota, Wisconsin.
How do I apply for an SBA loan with Summit CU?
To apply for an SBA 7(a) loan with Summit 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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