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Business Loans

A business loan can help you create a new world of possibilities for your customers. Your team. And your company.
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Turn the next page of your story.

Turn the next page of your story.

It’s time to start a new chapter on your entrepreneurial journey. But sometimes there’s a gap between what you have and what you need. When you work with our team, we’ll help you find the best loan type for your situation. And we’ll connect you with other business resources you might find helpful. Your success, and the success of your business, matters to us.
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Term Loan VIEW DETAILS

If you’re preparing to make a large purchase for your business (like a new vehicle or piece of equipment), a term loan could be a great option. You can use this loan for a one-time purchase or to refinance an existing loan. Fixed and variable rate options are available. Contact us to discuss the best financing option for your budget and timeline.

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Line of Credit VIEW DETAILS

When you have frequent or variable expenses for your business, a line of credit might be for you. Enjoy the freedom of being able to access funds when you need them, like if you need to cover payroll or bills while you’re waiting for payments from vendors or customers. As you pay down the balance on your line of credit, the funds become available again for you to use.

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Small Business Microloans VIEW DETAILS

A small business microloan could help if you need financing under $50,00.011. With four different loan options, you can find funding to purchase new equipment, buy a business vehicle, access working capital, renovate your space, and more. The online application is quick and easy, so you can take the next step in your business journey in no time.

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SBA Loans VIEW DETAILS

If you’re a new or recently established business owner, you may need more flexibility in your financing. As partners with the Small Business Administration (SBA), we’re proud to offer additional support for local entrepreneurs. We’ll work with you to determine if an SBA loan would work best for your situation.

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Let’s get started.

Contact our team to start your business membership at Lake Trust.
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ENHANCE YOUR FINANCIAL WELLBEING

Empower your business.

Your financial wellbeing means more than your balance sheet. Check out these articles with topics to support you on your journey, wherever you are.

Five Individuals Receive Career Support Through Lake Trust Foundation Scholarship Program

Meet the 2024 Lake Trust Foundation Scholarship recipients and learn more about their plans to make an impact in Michigan.

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9 Ways to Have a Fun and Cheap Family Vacation

If you’re ready to break down the cubicle walls it might be time for a getaway. Here’s tips on how to travel on a budget.

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One Act. Big Impact. The Raffle That Gives Back.

You could win up to $20,000 in the Lake Trust Credit Union Foundation Raffle AND help support wellbeing initiatives in Michigan communities.

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Helping others on their self-care journey.

Sylvia's Sudsery, LLC of Lansing offers artisan soaps, bath bombs, foaming sugar scrubs, and more. But, the heart of Sylvia's Sudsery is to create an accepting and inclusive space that supports others on their self-care journey.

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MEMBER SUCCESS STORY

Freya Detroit

MEMBER SUCCESS STORY

Freya Detroit

Flavorful food combinations invite people to savor the moment at Freya. With the help of a Small Business Administration (SBA) loan, owners Sandy and Doug were able to purchase the historic building for their fine dining establishment in Detroit. 

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Find more inspiration for your business goals.

Business owner of plant store standing confidently in store doorway.

Business Real Estate Loan

Establish business roots in your community or refinance an existing property. Flexible business real estate loan terms are available.

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Business Credit Card

A Lake Trust Platinum Business Visa® Credit Card can help you make purchases for your business with ease.

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1 Total aggregate balance of micro business loans must be $49,999 or less.
Forbes 2025 Best-In-State Credit Unions

Lake Trust is honored to be a Forbes Best-In-State Credit Union.

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