Affinity Plus FCU
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Affinity Plus FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 32 | $3.2M | $100K | 10.3% |
| 423920 | Toy and Hobby Goods and Supplies Merchant Wholesalers | 32 | $1.6M | $49K | 10.3% |
| 454310 | Fuel Dealers | 24 | $880K | $37K | 7.7% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $2.7M | $166K | 5.1% |
| 238310 | Drywall and Insulation Contractors | 16 | $1.6M | $100K | 5.1% |
| 812990 | All Other Personal Services | 16 | $680K | $43K | 5.1% |
| 811111 | General Automotive Repair | 16 | $1.4M | $90K | 5.1% |
| 458310 | Other | 8 | $2.8M | $355K | 2.6% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $630K | $79K | 2.6% |
| 541611 | Administrative Management and General Management Consulting Services | 8 | $400K | $50K | 2.6% |
Geographic Distribution
SBA lending activity for Affinity Plus FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 304 | $38.2M | 97.4% |
| Michigan (MI) | 8 | $2.0M | 2.6% |
Why Choose Affinity Plus FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 312 SBA loans approved, totaling $40.2M in financing
- ✓Industry Expertise: Specialized focus on Offices of Mental Health Practitioners (except Physicians), Toy and Hobby Goods and Supplies Merchant Wholesalers, Fuel Dealers
- ✓Competitive Terms: Average interest rate of 7.67% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $20K to $519K, with an average of $129K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, MI
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 Plus FCU SBA lending
What types of businesses does Affinity Plus FCU typically finance?
Affinity Plus FCU specializes in SBA 7(a) lending to specific industries including offices of mental health practitioners (except physicians), toy and hobby goods and supplies merchant wholesalers, fuel dealers, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Affinity Plus FCU's typical SBA loan terms?
Affinity Plus FCU's SBA 7(a) loans typically feature an average interest rate of 7.67% and average term length of 88 months (approximately 7 years). Loan sizes range from $20K to $519K, with an average loan size of $129K.
Do I need a business valuation for a Affinity Plus FCU SBA loan?
Yes, Affinity Plus 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 Plus FCU compare to other SBA lenders?
Affinity Plus FCU has originated 312 SBA loans totaling $40.2M since 2020. 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 Plus FCU lend in?
Affinity Plus FCU provides SBA 7(a) financing with particularly strong presence in MN, MI. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.