Embers Credit Union

This is a commercial bank that offers SBA loan programs and financial services tailored to small businesses seeking growth capital and support.

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

Embers Credit Union's Marquette Main Office operates Monday through Friday from 9:00 AM to 5:00 PM in the lobby, with extended drive-thru hours until 6:00 PM. Please confirm current hours directly with the lender.

There are fees associated with loan processing and closing, which will be disclosed upfront during the application process.

This lender primarily serves local residents and small business owners in the Marquette area, but eligibility depends on meeting loan criteria.

A minimum personal credit score of around 640 is generally required, though higher scores improve approval chances.

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

Yes, Embers Credit Union is open Saturday with the Marquette office offering lobby service from 9:00 AM to 12:00 PM and drive-thru from 8:00 AM to 1:00 PM. Confirm weekend availability with the lender.

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

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

You can reach Embers Credit Union by phone at (906) 228-7080 or online at embers.org — 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 Embers Credit Union before relying on them.

Like most SBA lenders, Embers 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 Embers 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 Embers Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Embers 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. Embers Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

Embers Credit Union finances startups through their SBA lending program, designed for entrepreneurs facing collateral shortfalls or other challenges securing traditional financing. Confirm startup eligibility requirements with their business lending team.

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 Embers 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 Embers 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 Embers 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. Embers Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Embers Credit Union how it evaluates prior bankruptcies.