Bigger loans, for growing businesses
Borrow up to $5 million to fund acquisitions, refinances, equipment, inventory, or working capital.
We simplify SBA 7(a) loans for small businesses
Our local lending leaders will connect you with government-backed funding to support your business’s growth, expansion, and day-to-day needs.
Flexible funds
SBA loans can be used for most business needs, including expansion, equipment, and inventory.
Up to $5 million
Apply for financing from $100,000 all the way up to $5,000,000.
Every-step guidance
Our SBA experts will help you build a plan, reduce your paperwork, and speed up the process.
SBA 7(a) loan FAQs
SBA 7(a) loans are designed to be flexible, so if your business needs it to grow, an SBA 7(a) loan can probably cover it. Common loan uses include:
- Acquisitions
- Ownership changes
- Working capital
- Refinancing business debt
- Purchasing equipment
- Real estate - borrowing businesses must occupy 51% of an existing building and 66% for a newly constructed building
Eligible borrowers may borrow up to $5M under the SBA 7(a) program and up to $5M under the SBA 504 program. Total maximum borrowing capacity for one borrower is up to $10M.
LMCU is an SBA Preferred Lender, which means we can use a streamlined approval process to provide faster answers and funds than non-preferred lenders.
Plus, you’ll work directly with our dedicated team of experienced SBA lending specialists, ensuring that you’ll get the best service at a competitive rate and an exceptional speed.
We offer SBA loans to small businesses based in Michigan and Florida. We approve individual businesses on a case-by-case basis, but baseline qualifications typically include:
- A personal credit score of 680+
- A for‑profit business status
- A U.S. citizen
- At least two years of tax returns on record
Our SBA lending team provides SBA 7(a) loans to business owners who are buying an SBA-approved franchise or a business that has been operating for over two years from first sale.
If you're looking for SBA 504 loans or a conventional commercial loan, our commercial lending team is ready to assist. We'll work with you to structure a loan package that fits your specific needs.
Local experts, widely preferred.
Our business members love LMCU for our competitive rates, simple application process, and local decision-making that helps you make your next move faster.
5-star rating for financial strength and stability
BauerFinancial, May 2026
“LMCU’s SBA lending team is the best in the business.”
– Joshua, Owner at JKCI Valrico
