Avadian Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Avadian Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 6 | $12.9M | $2.2M | 11.5% |
| 722511 | Full-Service Restaurants | 2 | $581K | $291K | 3.8% |
| 541940 | Veterinary Services | 2 | $970K | $485K | 3.8% |
| 621310 | Offices of Chiropractors | 2 | $241K | $120K | 3.8% |
| 336419 | Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing | 2 | $3.9M | $1.9M | 3.8% |
| 624410 | Child Care Services | 1 | $1.1M | $1.1M | 1.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $95K | $95K | 1.9% |
| 541213 | Tax Preparation Services | 1 | $677K | $677K | 1.9% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $200K | $200K | 1.9% |
| 423850 | Service Establishment Equipment and Supplies Merchant Wholesalers | 1 | $850K | $850K | 1.9% |
Geographic Distribution
SBA lending activity for Avadian Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 48 | $35.3M | 92.3% |
| Tennessee (TN) | 4 | $2.7M | 7.7% |
Why Choose Avadian Credit Union?
Based on SBA 7(a) lending track record from 2010-2014
- ✓Proven Track Record: 52 SBA loans approved, totaling $38.1M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Full-Service Restaurants, Veterinary Services
- ✓Competitive Terms: Average interest rate of 6.61% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $35K to $4.0M, with an average of $732K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, TN
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 Avadian Credit Union SBA lending
What types of businesses does Avadian Credit Union typically finance?
Avadian Credit Union specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, full-service restaurants, veterinary services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Avadian Credit Union's typical SBA loan terms?
Avadian Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.61% and average term length of 158 months (approximately 13 years). Loan sizes range from $35K to $4.0M, with an average loan size of $732K.
Do I need a business valuation for a Avadian Credit Union SBA loan?
Yes, Avadian 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 Avadian Credit Union compare to other SBA lenders?
Avadian Credit Union has originated 52 SBA loans totaling $38.1M 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 Avadian Credit Union lend in?
Avadian Credit Union provides SBA 7(a) financing with particularly strong presence in AL, TN. 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.