LAF CU
MI
SBA-approved lender offering 7 loan programs across 9 industries.
Key Metrics
Interest Rate
9.03%
2.28% over prime
Average Loan
$488K
Per approval
Total Approvals
14
FY 2025
Loan Programs (7)
7a General
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Startup
Change of Ownership
Fixed Rates
Industries Served (9)
All Other Amusement and Recreation IndustriesAll Other Outpatient Care CentersAll Other Specialty Trade ContractorsChild and Youth ServicesComputer Systems Design ServicesFlour MillingHome Health Care ServicesSeptic Tank and Related ServicesSpecialized Freight (except Used Goods) Trucking, Long-Distance
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.28%
- Effective Rate
- 9.03%
- Fiscal Year
- 2025
- States Served
- MI
- Website
- www.lafcu.com
Ready to apply with LAF CU?
Let Cassian help you prepare your application and connect you with the right loan officer.