Affinity Plus FCU

This is a financial institution that offers SBA loan programs and other small business financing options. You can find assistance with funding needs such as working capital, equipment, and expansion projects, along with personalized guidance throughout the application process.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability. Contact the branch in advance for the best experience.

Affinity Plus FCU's St. Paul – Lafayette branch is open Monday–Friday 9 a.m.–5 p.m., Saturday 9 a.m.–12 p.m. (lobby), and closed Sunday. Drive-thru hours are Monday–Friday 9 a.m.–5 p.m., Saturday 9 a.m.–1 p.m. Confirm with Affinity Plus for holiday adjustments.

There are no fees to access basic consultation services, but loan applications and processing may involve fees depending on the loan type and amount. Specific fee details are provided during the application process.

This institution primarily serves members and small business owners, with lending services available to qualified applicants nationwide. Membership may be required for certain services.

A minimum personal credit score of 620 is generally required for loan qualification, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Affinity Plus FCU's St. Paul – Lafayette branch is open Saturdays 9 a.m.–12 p.m. (lobby), with drive-thru available 9 a.m.–1 p.m. The branch is closed Sundays. Confirm business lending availability on Saturdays.

Affinity Plus FCU's St. Paul – Lafayette branch at 175 W. Lafayette Frontage Road has wheelchair-accessible parking available. Contact the branch for details on parking options.

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

The core details for Affinity Plus FCU — 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 Affinity Plus FCU before applying. If you represent Affinity Plus FCU, claim this listing to keep its information up to date.

Contact Affinity Plus FCU at (800) 322-7228, via the contact form at affinityplus.org/contact-us, or visit 175 W. Lafayette Frontage Road, St. Paul, MN 55107. Ask for their business lending or SBA department.

Like most SBA lenders, Affinity Plus FCU 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 Affinity Plus FCU 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 Affinity Plus FCU participates in SBA Express depends on its specific SBA lending authority. Contact Affinity Plus FCU 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. Affinity Plus FCU 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. Affinity Plus FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Affinity Plus FCU 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 Affinity Plus FCU 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 Affinity Plus FCU 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 Affinity Plus FCU 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. Affinity Plus FCU weighs this case by case under its own policy, so be upfront about your history and ask Affinity Plus FCU how it evaluates prior bankruptcies.