Affinity FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Affinity FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711110 | Theater Companies and Dinner Theaters | 1 | $90K | $90K | 11.1% |
| 541191 | Title Abstract and Settlement Offices | 1 | $150K | $150K | 11.1% |
| 624410 | Child Care Services | 1 | $598K | $598K | 11.1% |
| 722511 | Full-Service Restaurants | 1 | $150K | $150K | 11.1% |
| 722513 | Limited-Service Restaurants | 1 | $350K | $350K | 11.1% |
| 332420 | Metal Tank (Heavy Gauge) Manufacturing | 1 | $150K | $150K | 11.1% |
| 541330 | Engineering Services | 1 | $3.0M | $3.0M | 11.1% |
| 311812 | Commercial Bakeries | 1 | $400K | $400K | 11.1% |
Geographic Distribution
SBA lending activity for Affinity FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 2 | $3.1M | 22.2% |
| New Jersey (NJ) | 5 | $1.4M | 55.6% |
| Pennsylvania (PA) | 2 | $948K | 22.2% |
Why Choose Affinity FCU?
Based on SBA 7(a) lending track record from 2009-2019
- ✓Proven Track Record: 9 SBA loans approved, totaling $5.5M in financing
- ✓Industry Expertise: Specialized focus on Theater Companies and Dinner Theaters, Title Abstract and Settlement Offices, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.36% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $90K to $3.0M, with an average of $606K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NJ, PA, NY
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Affinity FCU SBA lending
What types of businesses does Affinity FCU typically finance?
Affinity FCU specializes in SBA 7(a) lending to specific industries including theater companies and dinner theaters, title abstract and settlement offices, child care services, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Affinity FCU's typical SBA loan terms?
Affinity FCU's SBA 7(a) loans typically feature an average interest rate of 6.36% and average term length of 98 months (approximately 8 years). Loan sizes range from $90K to $3.0M, with an average loan size of $606K.
Do I need a business valuation for a Affinity FCU SBA loan?
Yes, Affinity FCU typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Affinity FCU compare to other SBA lenders?
Affinity FCU has originated 9 SBA loans totaling $5.5M since 2009. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Affinity FCU lend in?
Affinity FCU provides SBA 7(a) financing with particularly strong presence in NJ, PA, NY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.