Allegacy FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Allegacy FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621391 | Offices of Podiatrists | 2 | $200K | $100K | 18.2% |
| 722513 | Limited-Service Restaurants | 2 | $300K | $150K | 18.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $253K | $253K | 9.1% |
| 312130 | Wineries | 1 | $762K | $762K | 9.1% |
| 334515 | Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals | 1 | $855K | $855K | 9.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $211K | $211K | 9.1% |
| 311351 | Chocolate and Confectionery Manufacturing from Cacao Beans | 1 | $100K | $100K | 9.1% |
| 811192 | Car Washes | 1 | $1.6M | $1.6M | 9.1% |
Geographic Distribution
SBA lending activity for Allegacy FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 11 | $4.3M | 100.0% |
Why Choose Allegacy FCU?
Based on SBA 7(a) lending track record from 2012-2016
- ✓Proven Track Record: 11 SBA loans approved, totaling $4.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Podiatrists, Limited-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.02% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $25K to $1.6M, with an average of $393K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 Allegacy FCU SBA lending
What types of businesses does Allegacy FCU typically finance?
Allegacy FCU specializes in SBA 7(a) lending to specific industries including offices of podiatrists, limited-service restaurants, plumbing, heating, and air-conditioning contractors, wineries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Allegacy FCU's typical SBA loan terms?
Allegacy FCU's SBA 7(a) loans typically feature an average interest rate of 6.02% and average term length of 116 months (approximately 10 years). Loan sizes range from $25K to $1.6M, with an average loan size of $393K.
Do I need a business valuation for a Allegacy FCU SBA loan?
Yes, Allegacy 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 Allegacy FCU compare to other SBA lenders?
Allegacy FCU has originated 11 SBA loans totaling $4.3M since 2012. 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 Allegacy FCU lend in?
Allegacy FCU provides SBA 7(a) financing with particularly strong presence in NC. 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.
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