•Print and complete the Business Loan Application

Include the following supporting materials:

• Personal Financial Statement (PFS)
Complete a Personal Financial Statement form for each person owning 20% or more of the business along with anyone guaranteeing the loan. Both spouses must sign and date, if applicable.

• Owner Documentation
Signed personal Federal Tax Returns, with all schedules included, for the last three (3) years for all individuals who own 20% or more of the business.

• Company Documentation
Signed Corporate Federal Tax Returns, with all schedules included, for the past three (3) years for the applicant business (if applicable).

• Affiliate Documentation
Signed Federal Tax Returns, with all schedules included, for the last three (3) years for all affiliate business (if applicable). Current Balance Sheet and Income Statement for the affiliate.

An affiliate is a business concern in which the applicant company or any individual who has 20% ownership, controlling interest, or where an individual has control of the company and other concerns even though ownership is less than 20%.
You may be asked to provide additional documentation based on your loan request.


Drop off your completed application to any MSUFCU branch or mail your application and supporting documents to:

Business Lending
Michigan State University Federal Credit Union
3777 West Road
PO Box 1208
East Lansing, MI 48826-1208



Business Loans not available to out-of-state companies or for collateral not located in Michigan.

We finance daily business driver vehicles, fleets, operating equipment, construction, medical, and many others. Some equipment will require down payments of 20% or more. Contact a lender today to determine if we can finance your next equipment purchase.

Down payments will depend on the type of loan, collateral (equipment/vehicle), and risk. If a down payment is required, these typically start at 20% down, and could be up to 40% down for special use or high risk collateral.

We can approve a loan up to a certain amount for the purchase of equipment or for working capital, and it may be contingent upon receipt and verification of additional information pre-funding. Underwriting is still required to provide approval.

Existing business members with an active account in good standing can apply online via ComputerLine. Login to your account, and select "Apply for a Loan" icon in the top menu.

Non-Members are invited to apply for a business account if they would like to apply for a loan online, however, providing a business account application and business loan application at once will allow a lender to begin that process sooner.

This varies depending on many conditions of the loan.