Royal Credit Union
Royal Credit Union is an active SBA lender in Wisconsin, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.0 stars across 86 Google reviews.
$54M
in SBA approvals since 2010
104
SBA loans funded
Hotels & Lodging · Manufacturing · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Royal Credit Union
Specializing in small business financing, this financial institution offers a range of SBA loan programs designed to support entrepreneurs and business owners. Whether you're seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. With a focus on personalized service, they assist clients throughout the application process, ensuring clarity and support at every step. Their SBA program history includes the 7A loan program, which is ideal for a variety of business purposes. The institution maintains a strong commitment to helping small businesses grow and succeed by providing competitive rates and flexible terms. Located in Eau Claire, WI, they serve local businesses while also supporting clients across the region.
Common questions about Royal Credit Union
What is this place and what can I find here?
This is a financial institution offering SBA loans and small business financing solutions designed to help entrepreneurs grow and succeed. You can find personalized support, competitive rates, and flexible terms tailored to your business needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment for personalized service, but walk-in consultations may also be accommodated depending on availability.
What are the hours of operation?
Royal Credit Union's Eau Claire South office is open Monday through Friday from 10am to 6pm and Saturday from 10am to 2pm. Please confirm these hours directly with the branch at (800) 341-9911 before visiting.
Is there a fee to use this?
There may be application and closing fees associated with SBA loans; these are disclosed during the application process.
Who is this open to — anyone, or only residents/members?
This institution primarily serves local residents and members, but eligibility details can vary based on the specific loan program.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 640 is generally recommended, though higher scores may improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Yes, Royal Credit Union's Eau Claire South office is open on Saturday from 10am to 2pm, though closed on Sundays. Please confirm current weekend hours with the branch.
How do I get there and where do I park?
Royal Credit Union is located in Wisconsin — 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 Royal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Royal Credit Union itself, which runs its own lending under its own ownership. If you work at Royal 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 Royal 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 Royal Credit Union before applying. If you represent Royal Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Royal Credit Union by phone at (800) 341-9911 or online at rcu.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 Royal Credit Union before relying on them.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Royal 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 Royal 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 Royal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Royal 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. Royal 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?
Royal Credit Union offers startup and business expansion financing through their Small Business Loans programs. Please contact their Commercial Lending Team at (800) 341-9911 to discuss your startup's eligibility.
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 Royal 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 Royal 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 Royal 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. Royal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Royal Credit Union how it evaluates prior bankruptcies.
