Ascentra CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Ascentra CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 2 | $57K | $29K | 15.4% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $53K | $53K | 7.7% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $50K | $50K | 7.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $30K | $30K | 7.7% |
| 722513 | Limited-Service Restaurants | 1 | $106K | $106K | 7.7% |
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 1 | $60K | $60K | 7.7% |
| 561790 | Other Services to Buildings and Dwellings | 1 | $55K | $55K | 7.7% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 1 | $250K | $250K | 7.7% |
| 115310 | Support Activities for Forestry | 1 | $75K | $75K | 7.7% |
| 621310 | Offices of Chiropractors | 1 | $25K | $25K | 7.7% |
Geographic Distribution
SBA lending activity for Ascentra CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 10 | $1.4M | 76.9% |
| Illinois (IL) | 3 | $82K | 23.1% |
Why Choose Ascentra CU?
Based on SBA 7(a) lending track record from 2015-2020
- ✓Proven Track Record: 13 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $25K to $700K, with an average of $116K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, IL
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 Ascentra CU SBA lending
What types of businesses does Ascentra CU typically finance?
Ascentra CU specializes in SBA 7(a) lending to specific industries including landscaping services, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, lessors of nonresidential buildings (except miniwarehouses), offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ascentra CU's typical SBA loan terms?
Ascentra CU's SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 89 months (approximately 7 years). Loan sizes range from $25K to $700K, with an average loan size of $116K.
Do I need a business valuation for a Ascentra CU SBA loan?
Yes, Ascentra CU 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 Ascentra CU compare to other SBA lenders?
Ascentra CU has originated 13 SBA loans totaling $1.5M since 2015. 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 Ascentra CU lend in?
Ascentra CU provides SBA 7(a) financing with particularly strong presence in IA, IL. 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.