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Lake Trust Credit Union
Lake Trust Credit Union
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 days
Can you get this?
✓Must become a Lake Trust member
✓Open to Michigan businesses of all sizes
✓Small business microloans available
Your real odds
There is no fixed competition window because applications are accepted on a rolling basis.
Approval rates are not published, but CDFI lenders typically use more flexible underwriting than conventional banks, which works in your favor if your business is early-stage or your credit history is thin.
What it takes
Join as a business member1 to 2 days
Review loan options and gather documents1 to 2 wks
Submit loan application1 to 2 days
Worth knowing
Lake Trust runs a dedicated Entrepreneurship Institute that offers free 30-minute consultations, and using one before you submit gives you a chance to frame your application the way the lender actually wants to see it.
What else do you qualify for?
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