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Small Business Administration (SBA) Loans

Affordable business financing

SBA 7(a) and 504 loans offer lower down payments, longer repayment terms, and higher financing amounts than traditional loans.1


Longer repayment terms

Keep your monthly payments manageable with longer term options.


High loan amounts

Borrow up to $5 million for your next business venture.2


Variety of uses

Use for debt refinancing, equipment or real estate purchases, and more.


Low down payment

Get started sooner, with down payments less than 20%.


Easy to qualify

Less-restrictive credit standards make it easier to qualify.3


Startups and acquisitions

A great option for starting a new business or acquiring an existing one.

Calculate your monthly payment4

Monthly Payment

Longer Repayment Terms

Take it easier

SBA loans offer longer payment terms than many traditional options. The longer the term, the lower your monthly payments.

Woman working at her office
Lower Down Payments

Funds you need, for less

Most non-SBA loans require a 20% down payment. An SBA 7(a) or 504 loan requires much less down, providing flexibility.

A couple standing outside of their small family business

Great personal service. Best online banking, especially for business use.

— Business Google Review

How it works

Applying for an SBA loan is simple.

  • 1

    Complete an application

    Make an appointment or apply online.

  • 2

    Get approved

    We'll let you know your approval status.

  • 3

    Get your loan

    Use the funds to finance your next business venture.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8890

Budget-friendly financing


Whether starting a new business, acquiring an existing one, or investing in your company, SBA loans offer affordable financing and low down payments.


Apply now


1 The U.S. Small Business Administration (SBA) sets the guidelines that govern these loan programs. SBA loans are subject to SBA loan-specific eligibility requirements, limitations and restrictions.
2 Many loans have a maximum loan amount of $5 million; however there are certain loans with different maximum amounts.
3 Loans are subject to eligibility requirements, creditworthiness, demonstrated reasonable ability to repay loan and other lending criteria.
4 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Contact Members at 1-800-296-8871 for more information.
Membership and loan approval required.
Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

Video Banking

Memorial Day Holiday Closure All offices will be closed on Monday, May 27, in observance of Memorial Day. ATMs, mobile services, and online banking are available 24/7! View all our holiday closures.