DFCU Financial

This is a financial institution that offers SBA loan programs designed to support small business growth and development. You can find information about various loan options, application procedures, and personalized assistance for securing funding.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available depending on staffing and availability.

DFCU Financial's Member Service Center is open 9:00 AM to 5:00 PM EST Monday through Friday, with Saturday hours 9:00 AM to 2:00 PM EST. Business & Treasury Support is available weekdays 9:00 AM to 5:00 PM EST. Contact them at 888-336-2700 to confirm hours or schedule an appointment.

There are no fees to inquire about or apply for SBA loans, but specific loan products may include origination or closing costs which will be disclosed during the application process.

This institution primarily serves small business owners and entrepreneurs, with a focus on those in the manufacturing sector, but they support applicants from across the country for SBA programs.

A minimum personal credit score of around 650 is generally preferred, though approval depends on the overall financial profile and business viability.

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

DFCU Financial's Member Service Center is open Saturdays from 9:00 AM to 2:00 PM EST, but Business & Treasury Support (for SBA lending staff) operates weekdays only. Confirm your location's hours by calling 888-336-2700.

DFCU Financial is located in Michigan — see the contact card for the full address. Most bank 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 DFCU Financial, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by DFCU Financial itself, which runs its own lending under its own ownership. If you work at DFCU Financial, you can claim this listing from this page to manage it.

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

You can reach DFCU Financial by phone at (888) 336-2700 or online at dfcufinancial.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with DFCU Financial before relying on them.

Based on its approved SBA loans, DFCU Financial most often finances businesses in restaurants & food service, automotive repair & services, hotels & lodging, medical practices & clinics, wholesale & distribution, and childcare & early education. This reflects DFCU Financial'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 DFCU Financial 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 DFCU Financial participates in SBA Express depends on its specific SBA lending authority. Contact DFCU Financial 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 banks hold PLP status, but it varies by institution. DFCU Financial 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. DFCU Financial's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask DFCU Financial 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 DFCU Financial 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 DFCU Financial 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 DFCU Financial 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. DFCU Financial weighs this case by case under its own policy, so be upfront about your history and ask DFCU Financial how it evaluates prior bankruptcies.