Lenders › DFCU Financial
7(a) lenderDearborn, Michigancredit union248th of 2,184 by approvals
DFCU Financial
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
DFCU Financial (Dearborn, Michigan) is a credit union in the SBA 7(a) program, 248th of 2,184 by approvals in FY2021 to FY2025: 142 loans worth $125M.
In FY2025, the latest complete fiscal year, it had 36 approvals totalling $30.5M, up 20% on FY2024 (30). FY2026 to 30 Jun 2026 adds 17 more.
The median approval was $457K, against $190K for the 7(a) program as a whole; 7.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 16 counties, led by Florida (85.9%) and Michigan (14.1%). The largest industry group was accommodation and food services at 21.8% of approvals, and 15.5% of approvals were to franchise businesses.
Of 88 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (3.4%), 55 as paid in full and 30 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 17 | $13.3M | $583K | $784K | 438 |
| FY2025 | 36 | $30.5M | $398K | $846K | 339 |
| FY2024 | 30 | $27.7M | $500K | $922K | 554 |
| FY2023 | 30 | $25.5M | $374K | $850K | 759 |
| FY2022 | 18 | $12.0M | $486K | $665K | 223 |
| FY2021 | 28 | $29.7M | $464K | $1.1M | 950 |
| FY2020 | 19 | $18.2M | $730K | $960K | 263 |
| FY2019 | 12 | $6.8M | $245K | $564K | 241 |
| FY2018 | 10 | $11.8M | $349K | $1.2M | 92 |
| FY2017 | 18 | $17.1M | $453K | $947K | 364 |
| FY2016 | 4 | $3.9M | $563K | $974K | 35 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 63 approvals. First approval on file: FY2016.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 91 | 31,863 | 639,905 |
| Cancelled or never disbursed | 3 | 3,596 | 79,313 |
| Disbursed loans | 88 | 28,267 | 560,592 |
| Paid in full | 55 | 20,064 | 435,813 |
| Charged off | 3 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 30 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 3.4% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.3% | 3.1% | 2.5% |
| Dollars charged off | $2.0M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 25 | 10 | 0 | — | 2.8% |
| FY2020 | 19 | 14 | 1 | — | 4.0% |
| FY2019 | 12 | 7 | 0 | — | 6.7% |
| FY2018 | 10 | 7 | 0 | — | 7.9% |
| FY2017 | 18 | 14 | 2 | — | 7.7% |
| FY2016 | 4 | 3 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $457K | $190K |
| Average approval | $882K | $518K |
| Approvals of $150,000 or less | 7.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 35.9% | 34.3% |
| Approvals to franchise businesses | 15.5% | 11.5% |
| Jobs supported per approval, as reported | 19.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.4% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 122 | $112M | 85.9% | |
| 2 | Michigan | 20 | $13.5M | 14.1% |
In Florida the lender accounts for 0.5% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hillsborough County, FL | 70 | $60.0M | 49.3% | |
| 2 | Pinellas County, FL | 17 | $13.6M | 12.0% | |
| 3 | Pasco County, FL | 14 | $7.6M | 9.9% | |
| 4 | Wayne County, MI | 12 | $9.0M | 8.5% | |
| 5 | Oakland County, MI | 5 | $3.0M | 3.5% | |
| 6 | Manatee County, FL | 4 | $12.6M | 2.8% | |
| 7 | Sarasota County, FL | 3 | $3.8M | 2.1% | |
| 8 | Martin County, FL | 3 | $3.4M | 2.1% | |
| 9 | Lee County, FL | 3 | $3.2M | 2.1% | |
| 10 | Lake County, FL | 2 | — | 1.4% | |
| 11 | Orange County, FL | 2 | — | 1.4% | |
| 12 | Polk County, FL | 2 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 31 | 21.8% | |
| 2 | Retail Trade | 20 | 14.1% | |
| 3 | Other Services (except Public Administration) | 16 | 11.3% | |
| 4 | Health Care and Social Assistance | 15 | 10.6% | |
| 5 | Manufacturing | 12 | 8.5% | |
| 6 | Professional, Scientific, and Technical Services | 12 | 8.5% | |
| 7 | Wholesale Trade | 11 | 7.7% | |
| 8 | Arts, Entertainment, and Recreation | 8 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 25 | 17.6% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 5.6% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 8 | 5.6% | |
| 4 | Other Personal ServicesNAICS 8129 | 7 | 4.9% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 6 | 4.2% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 3.5% | |
| 7 | Child Day Care ServicesNAICS 6244 | 4 | 2.8% | |
| 8 | Other Wood Product ManufacturingNAICS 3219 | 4 | 2.8% | |
| 9 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 2.1% | |
| 10 | Plastics Product ManufacturingNAICS 3261 | 3 | 2.1% |
Approval sizes
- $50,000 or less1.4%2
- $50,001 to $150,0005.6%8
- $150,001 to $350,00033.8%48
- $350,001 to $1 million35.9%51
- $1 million to $2 million11.3%16
- Over $2 million12.0%17
Loan terms
- Over 5 to 10 years73.2%104
- Over 10 to 20 years11.3%16
- Over 20 years15.5%22
Age of the businesses
- Existing, more than 2 years old35.9%51
- New business, 2 years or less10.6%15
- Startup, loan funds will open the business25.4%36
- Change of ownership28.2%40
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 75 | 52.8% | |
| 2 | Preferred Lenders Program | 43 | 30.3% | |
| 3 | SBA Express Program | 23 | 16.2% | |
| 4 | International Trade Loans | 1 | 0.7% |
Franchise share
22 of 142 approvals in FY2021–FY2025 (15.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Jet's Pizza | 3 | 2.1% | |
| 2 | Buffalo Wild Wings Sports Bar | 3 | 2.1% | |
| 3 | Home Instead | 2 | 1.4% | |
| 4 | Gameday Men's Health | 2 | 1.4% | |
| 5 | Discovery Point | 1 | 0.7% | |
| 6 | Express Oil Change | 1 | 0.7% | |
| 7 | Culver's ButterBurgers & Frozen Custard | 1 | 0.7% | |
| 8 | ProteinHouse | 1 | 0.7% |
Questions and answers
How many SBA loans does DFCU Financial make?
SBA approved 36 7(a) loans through DFCU Financial in FY2025, worth $30.5M, and 142 over FY2021 to FY2025. That ranks 248th of 2,184 active 7(a) lenders by number of approvals.
How large are DFCU Financial's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $457K and the average $882K. The program-wide median was $190K.
What is DFCU Financial's charge-off rate?
Of 88 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (3.4%), 55 as paid in full and 30 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does DFCU Financial lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (25); other amusement and recreation industries (8); offices of other health practitioners (8); other personal services (7).
Where does DFCU Financial make SBA loans?
In 2 states and territories. Florida 122, Michigan 20. In Florida it accounts for 0.5% of all 7(a) approvals.
Is DFCU Financial's SBA lending rising?
Approvals in the three latest complete fiscal years total 96, against 65 in the three before: rising (+48%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error