Frankenmuth Credit Union
Frankenmuth Credit Union is an active SBA lender in Michigan, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 254 Google reviews.
$7M
in SBA approvals since 2010
18
SBA loans funded
Hotels & Lodging · Restaurants & Food Service · Manufacturing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Frankenmuth Credit Union
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the 7(a) loan program, it provides flexible financing options for business expansion, working capital, and equipment purchases. The bank is committed to helping entrepreneurs access the capital they need to grow and succeed. Located in Frankenmuth, MI, it serves local and regional clients with personalized service and expert guidance. The institution has a strong track record of approving loans up to $60,000, making it an ideal choice for small-scale funding needs. Its team understands the unique challenges faced by small business owners and offers tailored financial solutions to meet those needs. Whether you're starting a new venture or expanding an existing business, this lender provides the support necessary to achieve your goals. With a focus on community development and economic growth, it strives to foster long-term relationships with its clients and contribute to local prosperity.
Common questions about Frankenmuth Credit Union
What is this place and what can I find here?
This is a local SBA lender offering small business loans, primarily through the 7(a) program, to help entrepreneurs access capital for growth and development. You can find personalized financial guidance and support tailored to your business needs. The institution focuses on community development and fostering long-term relationships with clients.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a lending specialist, though walk-ins may be accommodated depending on availability. Contact the branch in advance for the best experience and to discuss your financing needs.
What are the hours of operation?
Frankenmuth Credit Union's main branch operates Monday 8:00 AM–6:00 PM, Tuesday–Wednesday 9:00 AM–6:00 PM, Thursday 9:15 AM–6:00 PM, and Saturday 9:00 AM–12:30 PM. Please confirm current hours with the lender before visiting.
Is there a fee to use this?
There are no fees for simply visiting or consulting with the bank; however, loan applications and processing may involve fees such as application, origination, or closing costs. These fees are disclosed upfront during the loan process.
Who is this open to — anyone, or only residents/members?
This lender primarily serves local residents and small business owners within the region, though some services may be available to non-residents depending on eligibility criteria. Membership or residency may be required for certain banking products.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is typically preferred, but the exact requirement can vary based on the loan type and applicant profile. Strong credit history improves the chances of approval.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of your application and the complexity of the loan. Prompt submission of required documents can help expedite the process.
Is this open on weekends?
Yes, Frankenmuth Credit Union is open on Saturday from 9:00 AM to 12:30 PM. Confirm weekend availability for your specific needs with the lender.
How do I get there and where do I park?
Frankenmuth 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.
Who owns or operates this listing?
This page is an independent directory listing for Frankenmuth Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Frankenmuth Credit Union itself, which runs its own lending under its own ownership. If you work at Frankenmuth Credit Union, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Frankenmuth 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 Frankenmuth Credit Union before applying. If you represent Frankenmuth Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Frankenmuth Credit Union by phone at (989) 497-1600, email at ccenter@frankenmuthcu.org, or through their online chat. For SBA lending details, confirm with the lender directly.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Frankenmuth 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 Frankenmuth Credit Union directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Frankenmuth Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Frankenmuth Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
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. Frankenmuth Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
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. Frankenmuth Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Frankenmuth Credit Union directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Frankenmuth Credit Union what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
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 Frankenmuth Credit Union to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
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 Frankenmuth Credit Union to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Frankenmuth Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Frankenmuth Credit Union how it evaluates prior bankruptcies.
