Security CU

This is a community-focused financial institution offering SBA loan programs and personalized banking services to small businesses in the Holly, MI area.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.

Security CU's hours vary by location and day. Most branches are open Monday-Thursday 9:00 AM - 5:00 PM, Friday 9:00 AM - 6:00 PM, and Saturday 9:00 AM - 12:30 PM (drive-up only at some locations). Warren, Detroit, and Toledo locations have different schedules. Please confirm specific hours with Security CU directly at (810) 235-2322.

There are no fees for initial consultations; standard loan fees and interest rates apply based on the specific loan agreement.

This institution primarily serves members and residents of the Holly, MI community, with some services available to non-members upon qualification.

A minimum personal credit score of 650 is generally preferred for loan approval.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.

Yes, Security CU is open on Saturdays with hours of 9:00 AM - 12:30 PM at most locations (drive-up only at some). A few locations including Warren, Detroit, and Toledo are closed on Saturdays. Contact Security CU to confirm weekend availability at your preferred branch.

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

The core details for Security 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 Security CU before applying. If you represent Security CU, claim this listing to keep its information up to date.

You can reach Security CU by phone at (810) 235-2322 or toll-free at 1-800-373-2333, or visit their contact form at https://www.securitycu.org/contact/. For SBA loans specifically, ask for their business lending department.

Like most SBA lenders, Security CU can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Security CU directly which industries 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 Security CU participates in SBA Express depends on its specific SBA lending authority. Contact Security 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. Security 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. Security CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Security 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 Security 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 Security 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 Security 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. Security CU weighs this case by case under its own policy, so be upfront about your history and ask Security CU how it evaluates prior bankruptcies.