Lake Michigan CU
FL
SBA-approved lender offering 6 loan programs across 8 industries.
Key Metrics
Interest Rate
9.00%
2.25% over prime
Average Loan
$546K
Per approval
Total Approvals
16
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
New Business or 2 years or less
Preferred Lenders Program
Variable Rates
Fixed Rates
Industries Served (8)
Custom Computer Programming ServicesEngineering ServicesFull-Service RestaurantsGeneral Automotive RepairInterior Design ServicesNew Single-Family Housing Construction (except Operative Builders)Offices of Physicians (except Mental Health Specialists)Other Accounting Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.25%
- Effective Rate
- 9.00%
- Fiscal Year
- 2025
- States Served
- FL
- Website
- www.lmcu.org
Ready to apply with Lake Michigan CU?
Let Cassian help you prepare your application and connect you with the right loan officer.