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Essential Credit Union

BATON ROUGE, LA 70806

37
Loans Approved
$2.2M
Total Volume
$58K
Avg Loan Size
1
States Served

States Served

Louisiana

Top Industries Financed

  • General Freight Trucking, Local
  • Power and Communication Line and Related Structures Construction
  • Specialized Freight (except Used Goods) Trucking, Local
  • Offices of Real Estate Agents and Brokers
  • Landscaping Services

Quick Summary

Essential Credit Union is an SBA-approved lender headquartered in BATON ROUGE, Louisiana. Since 2020, they have approved 37 SBA 7(a) loans totaling $2.2M, with an average loan size of $58K. They primarily serve Louisiana businesses.

About Essential Credit Union

Essential Credit Union is an SBA-approved lender headquartered in BATON ROUGE, Louisiana. Since 2020, they have approved 37 SBA 7(a) loans totaling $2.2M, with an average loan size of $58K. They primarily serve businesses in Louisiana.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Essential Credit Union an SBA Preferred Lender?

Essential Credit Union is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Essential Credit Union approved?

According to SBA FOIA public records, Essential Credit Union has approved 37 SBA 7(a) loans totaling $2.2M since 2020. Their average loan size is $58K.

What states does Essential Credit Union serve?

Essential Credit Union primarily serves businesses in Louisiana.

How do I apply for an SBA loan with Essential Credit Union?

To apply for an SBA 7(a) loan with Essential Credit Union, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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