Tech CU
Tech CU is an active SBA lender in Indiana, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.9 stars across 107 Google reviews.
$4M
in SBA approvals since 2012
13
SBA loans funded
Restaurants & Food Service · Construction & Contractors · Auto Dealers & Sales
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Tech CU
Tech CU offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth and operational needs. With a focus on personalized service, they provide access to SBA 7(a) loans, which can be used for a variety of purposes including working capital, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank's expertise extends to supporting businesses across diverse industries, leveraging their strong local presence to foster economic development. Whether you're a startup or an established enterprise, Tech CU aims to facilitate your business ambitions with flexible financing options and competitive terms. They also offer guidance on eligibility, documentation, and the overall loan process, making it easier for entrepreneurs to access the capital they need to succeed. Their commitment to community banking and small business growth makes them a reliable partner for your financial journey.
Common questions about Tech CU
What is this place and what can I find here?
This is a commercial bank that offers SBA lending programs, including 7(a) loans, to support small business growth and development in the region. You can find personalized financial services, expert guidance, and access to various loan options tailored to your business needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare the necessary documentation.
What are the hours of operation?
Tech CU's Crown Point branch is open Monday through Thursday 9:00 AM to 5:00 PM, Friday 9:00 AM to 6:00 PM, and Saturday 9:00 AM to 12:30 PM. Please confirm current hours and business lending availability directly with Tech CU.
Is there a fee to use this?
There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the region, but eligibility for loans depends on meeting specific financial criteria and creditworthiness.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, though higher scores improve the chances of approval and favorable terms.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of submitted documentation.
Is this open on weekends?
Yes, Tech CU's Crown Point branch is open Saturday 9:00 AM to 12:30 PM. Confirm whether business lending staff are available during these hours by contacting them.
How do I get there and where do I park?
Tech CU is located in Indiana — 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 Tech CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Tech CU itself, which runs its own lending under its own ownership. If you work at Tech CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Tech 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 Tech CU before applying. If you represent Tech CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can contact Tech CU through their online contact form at techcu.org/home/about-us/contact-us or call (219) 662-3880. For business lending, request the business services department.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Tech CU 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 Tech CU 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 Tech CU participates in SBA Express depends on its specific SBA lending authority. Contact Tech CU 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. Tech CU 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. Tech CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Tech CU 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 Tech CU 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 Tech CU 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 Tech CU 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. Tech CU weighs this case by case under its own policy, so be upfront about your history and ask Tech CU how it evaluates prior bankruptcies.
