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Inova Federal Credit Union

Elkhart, IN 46516

8
Loans Approved
$5.4M
Total Volume
$672K
Avg Loan Size
1
States Served

States Served

Indiana

Top Industries Financed

  • Fitness and Recreational Sports Centers
  • Custom Computer Programming Services
  • Limited-Service Restaurants
  • All Other Personal Services
  • Fine Arts Schools

Quick Summary

Inova Federal Credit Union is an SBA-approved lender headquartered in Elkhart, Indiana. Since 2020, they have approved 8 SBA 7(a) loans totaling $5.4M, with an average loan size of $672K. They primarily serve Indiana businesses.

About Inova Federal Credit Union

Inova Federal Credit Union is an SBA-approved lender headquartered in Elkhart, Indiana. Since 2020, they have approved 8 SBA 7(a) loans totaling $5.4M, with an average loan size of $672K. They primarily serve businesses in Indiana.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Inova Federal Credit Union an SBA Preferred Lender?

Inova Federal 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 Inova Federal Credit Union approved?

According to SBA FOIA public records, Inova Federal Credit Union has approved 8 SBA 7(a) loans totaling $5.4M since 2020. Their average loan size is $672K.

What states does Inova Federal Credit Union serve?

Inova Federal Credit Union primarily serves businesses in Indiana.

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

To apply for an SBA 7(a) loan with Inova Federal 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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