Team One CU

This is a community-focused SBA lender offering small business loans, including the SBA 7(a) program, to help local entrepreneurs grow and succeed. You can find personalized guidance and flexible financing options tailored to your business needs.

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

Team One CU's lobby operates Monday–Thursday 9:00 AM–5:00 PM, and Friday 9:00 AM–5:30 PM. Phone and video banking is available Monday–Friday 8:00 AM–6:00 PM. Confirm exact hours for your specific location and service needs.

There are no fees for accessing basic information, but standard loan application and processing fees may apply depending on the loan terms.

This lender primarily serves small businesses within the Saginaw region, with a focus on local entrepreneurs and community members.

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 complexity of the application and completeness of documentation.

Team One CU's branches and offices are closed on weekends (Saturday and Sunday). Only self-service drive-thru ATMs operate 24/7. All branches and offices, including the Live Support team, are closed on Sundays.

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

The core details for Team One CU — 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 Team One CU before applying. If you represent Team One CU, claim this listing to keep its information up to date.

You can reach Team One CU by phone at (989) 754-6575 or online at teamonecu.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 Team One CU before relying on them.

Based on its approved SBA loans, Team One CU most often finances businesses in medical practices & clinics and manufacturing. This reflects Team One CU's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Team One CU which sectors 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 Team One CU participates in SBA Express depends on its specific SBA lending authority. Contact Team One CU 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. Team One CU 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. Team One CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Team One CU 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 Team One CU 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 Team One CU 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 Team One CU 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. Team One CU weighs this case by case under its own policy, so be upfront about your history and ask Team One CU how it evaluates prior bankruptcies.