Alternatives FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Alternatives FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 5 | $231K | $46K | 5.6% |
| 312130 | Wineries | 4 | $617K | $154K | 4.5% |
| 561730 | Landscaping Services | 2 | $139K | $69K | 2.2% |
| 485310 | Taxi and Ridesharing Services | 2 | $59K | $29K | 2.2% |
| 325411 | Medicinal and Botanical Manufacturing | 2 | $100K | $50K | 2.2% |
| 621498 | All Other Outpatient Care Centers | 2 | $150K | $75K | 2.2% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $386K | $386K | 1.1% |
| 812990 | All Other Personal Services | 1 | $35K | $35K | 1.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $15K | $15K | 1.1% |
| 112920 | Horses and Other Equine Production | 1 | $150K | $150K | 1.1% |
Geographic Distribution
SBA lending activity for Alternatives FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 89 | $6.6M | 100.0% |
Why Choose Alternatives FCU?
Based on SBA 7(a) lending track record from 1995-2008
- ✓Proven Track Record: 89 SBA loans approved, totaling $6.6M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Wineries, Landscaping Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 71 months
- ✓Loan Range: Loan sizes from $5K to $386K, with an average of $75K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Alternatives FCU SBA lending
What types of businesses does Alternatives FCU typically finance?
Alternatives FCU specializes in SBA 7(a) lending to specific industries including beauty salons, wineries, landscaping services, taxi and ridesharing services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Alternatives FCU's typical SBA loan terms?
Alternatives FCU's SBA 7(a) loans typically feature an average interest rate of — and average term length of 71 months (approximately 6 years). Loan sizes range from $5K to $386K, with an average loan size of $75K.
Do I need a business valuation for a Alternatives FCU SBA loan?
Yes, Alternatives 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 Alternatives FCU compare to other SBA lenders?
Alternatives FCU has originated 89 SBA loans totaling $6.6M since 1995. 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 Alternatives FCU lend in?
Alternatives FCU provides SBA 7(a) financing with particularly strong presence in 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.