Platinum Federal Credit Union

This is a community-focused credit union offering SBA loan programs and financial services tailored for small business owners seeking growth capital and support.

It is recommended to schedule an appointment to ensure personalized service, but walk-in visits are also accepted during business hours.

The branch operates from 9:00 AM to 5:00 PM, Monday through Friday, with additional hours by appointment on Saturdays.

There are no fees for basic consultations; however, loan processing and closing may involve standard fees and interest charges.

Membership is open to small business owners and community members within the region, with specific eligibility criteria based on membership requirements.

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

The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and supporting documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Platinum 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 Platinum Federal Credit Union to confirm current weekend availability before you go.

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

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

You can reach Platinum Federal Credit Union by phone at (404) 297-9797, by email at memberservice@platinumfcu.org, or online at platinumfcu.org.

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