Elements Financial Federal Credit Union

This is a financial institution offering SBA-backed loans and small business financing solutions. You can find assistance with loan applications, funding options, and personalized financial guidance to support your business growth.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

Typically, they operate from 9 am to 5 pm, Monday through Friday, but it’s best to confirm directly with the branch for specific hours.

There may be application and closing fees associated with loans, but there is no fee simply to access their services or inquire about financing.

Membership is generally required, which is open to small business owners and certain community members, but eligibility criteria can vary.

A minimum personal credit score of around 650 is typically preferred, though approval depends on overall financial health and business performance.

The underwriting process usually takes approximately 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Elements Financial Federal Credit Union typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Elements Financial Federal Credit Union to confirm current weekend availability before you go.

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

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

For SBA business lending inquiries, you can reach Elements Financial Federal Credit Union at (317) 276-2105 or business@elements.org. Please confirm current contact details directly with the lender.

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