Alabama ONE Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Alabama ONE Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 441110 | New Car Dealers | 2 | $816K | $408K | 18.2% |
| 623312 | Assisted Living Facilities for the Elderly | 1 | $200K | $200K | 9.1% |
| 485510 | Charter Bus Industry | 1 | $10K | $10K | 9.1% |
| 621320 | Offices of Optometrists | 1 | $45K | $45K | 9.1% |
Geographic Distribution
SBA lending activity for Alabama ONE Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 11 | $2.7M | 100.0% |
Why Choose Alabama ONE Credit Union?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 11 SBA loans approved, totaling $2.7M in financing
- ✓Industry Expertise: Specialized focus on New Car Dealers, Assisted Living Facilities for the Elderly, Charter Bus Industry
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $10K to $900K, with an average of $244K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 Alabama ONE Credit Union SBA lending
What types of businesses does Alabama ONE Credit Union typically finance?
Alabama ONE Credit Union specializes in SBA 7(a) lending to specific industries including new car dealers, assisted living facilities for the elderly, charter bus industry, offices of optometrists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Alabama ONE Credit Union's typical SBA loan terms?
Alabama ONE Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 109 months (approximately 9 years). Loan sizes range from $10K to $900K, with an average loan size of $244K.
Do I need a business valuation for a Alabama ONE Credit Union SBA loan?
Yes, Alabama ONE Credit Union 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 Alabama ONE Credit Union compare to other SBA lenders?
Alabama ONE Credit Union has originated 11 SBA loans totaling $2.7M since 1991. 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 Alabama ONE Credit Union lend in?
Alabama ONE Credit Union provides SBA 7(a) financing with particularly strong presence in AL. 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.