American Spirit FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Spirit FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 2 | $341K | $171K | 25.0% |
| 722320 | Caterers | 2 | $169K | $85K | 25.0% |
| 441120 | Used Car Dealers | 1 | $804K | $804K | 12.5% |
| 611620 | Sports and Recreation Instruction | 1 | $173K | $173K | 12.5% |
Geographic Distribution
SBA lending activity for American Spirit FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 3 | $1.2M | 37.5% |
| Delaware (DE) | 5 | $753K | 62.5% |
Why Choose American Spirit FCU?
Based on SBA 7(a) lending track record from 2010-2017
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Caterers, Used Car Dealers
- ✓Competitive Terms: Average interest rate of 6.25% with flexible term lengths averaging 163 months
- ✓Loan Range: Loan sizes from $59K to $804K, with an average of $241K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in DE, MD
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 American Spirit FCU SBA lending
What types of businesses does American Spirit FCU typically finance?
American Spirit FCU specializes in SBA 7(a) lending to specific industries including child care services, caterers, used car dealers, sports and recreation instruction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Spirit FCU's typical SBA loan terms?
American Spirit FCU's SBA 7(a) loans typically feature an average interest rate of 6.25% and average term length of 163 months (approximately 14 years). Loan sizes range from $59K to $804K, with an average loan size of $241K.
Do I need a business valuation for a American Spirit FCU SBA loan?
Yes, American Spirit 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 American Spirit FCU compare to other SBA lenders?
American Spirit FCU has originated 8 SBA loans totaling $1.9M since 2010. 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 American Spirit FCU lend in?
American Spirit FCU provides SBA 7(a) financing with particularly strong presence in DE, MD. 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.