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Home Michigan Route 31 Federal Credit Union

Route 31 Federal Credit Union

Muskegon, MI 49440

1
Loans Approved
$375K
Total Volume
$375K
Avg Loan Size
1
States Served

States Served

Top Industries Financed

  • Welding and Soldering Equipment Manufacturing

Quick Summary

Route 31 Federal Credit Union is an SBA-approved lender headquartered in Muskegon, Michigan. Since 2020, they have approved 1 SBA 7(a) loans totaling $375K, with an average loan size of $375K. They primarily serve Michigan businesses.

About Route 31 Federal Credit Union

Route 31 Federal Credit Union is an SBA-approved lender headquartered in Muskegon, Michigan. Since 2020, they have approved 1 SBA 7(a) loans totaling $375K, with an average loan size of $375K. They primarily serve businesses in Michigan.

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Frequently Asked Questions

Is Route 31 Federal Credit Union an SBA Preferred Lender?

Route 31 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 Route 31 Federal Credit Union approved?

According to SBA FOIA public records, Route 31 Federal Credit Union has approved 1 SBA 7(a) loans totaling $375K since 2020. Their average loan size is $375K.

What states does Route 31 Federal Credit Union serve?

Route 31 Federal Credit Union primarily serves businesses in Michigan.

How do I apply for an SBA loan with Route 31 Federal Credit Union?

To apply for an SBA 7(a) loan with Route 31 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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