SBA lender profile
LAF CU
LAF CU appears in the public SBA loan data with 21 funded 7(a) loans totaling $15.5M, an average of $737K per loan, and an estimated 304 jobs supported. Its SBA lending concentrates in Michigan and the Arts, Entertainment, Recreation sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
21
Total volume
$15.5M
Average loan size
$737K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
304
Programs
7(a)
Where LAF CU lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Michigan | 21 | $15.5M |
What LAF CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Arts, Entertainment, Recreation | 4 | $4.0M |
| Other Services | 1 | $3.7M |
| Health Care and Social Assistance | 3 | $2.7M |
| Accommodation and Food Services | 1 | $1.1M |
| Educational Services | 2 | $905K |
| Professional and Technical Services | 2 | $806K |
LAF CU SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2024 | 3 | $4.4M |
| 2025 | 14 | $6.8M |
| 2026 | 4 | $4.3M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of LAF CU's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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