CoVantage CU

This is a local SBA lender offering small business loans and financial services to entrepreneurs in the Antigo area. You can find information about loan programs, application processes, and personalized support for your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

CoVantage CU's Antigo Branch main office operates Monday–Thursday 8:30 AM to 5:00 PM, Friday 8:30 AM to 6:00 PM, with lobby and drive-up service also available Saturday 8:30 AM to Noon. Please confirm current hours with the lender.

There are no fees for simply consulting or applying for SBA loans, though standard loan-related fees may apply upon approval.

This lender primarily serves local residents and small business owners within Wisconsin, but some services may be available to out-of-state applicants with qualifying criteria.

A minimum personal credit score of 620 is generally required to qualify for SBA loans.

The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.

Yes, CoVantage CU's Antigo branch is open Saturdays from 8:30 AM to Noon for lobby, drive-up, and contact center services. Weekend hours are more limited than weekday hours.

CoVantage CU is located in Wisconsin — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for CoVantage CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by CoVantage CU itself, which runs its own lending under its own ownership. If you work at CoVantage CU, you can claim this listing from this page to manage it.

The core details for CoVantage CU — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with CoVantage CU before applying. If you represent CoVantage CU, claim this listing to keep its information up to date.

Contact CoVantage CU at (715) 627-4336, toll-free at 800-398-2667, schedule an appointment at message.covantagecu.org/appointments, or fax 715-350-4642. For SBA lending inquiries, ask for the commercial lending team. Confirm with the lender.

Based on its approved SBA loans, CoVantage CU most often finances businesses in construction & contractors and restaurants & food service. This reflects CoVantage CU's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with CoVantage CU which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether CoVantage CU participates in SBA Express depends on its specific SBA lending authority. Contact CoVantage CU and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. CoVantage CU can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. CoVantage CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask CoVantage CU directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask CoVantage CU what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask CoVantage CU to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with CoVantage CU to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. CoVantage CU weighs this case by case under its own policy, so be upfront about your history and ask CoVantage CU how it evaluates prior bankruptcies.