Black Hills FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Black Hills FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332323 | Ornamental and Architectural Metal Work Manufacturing | 32 | $1.6M | $50K | 3.8% |
| 722511 | Full-Service Restaurants | 32 | $10.0M | $313K | 3.8% |
| 722513 | Limited-Service Restaurants | 32 | $11.6M | $363K | 3.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $4.2M | $131K | 3.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 32 | $8.2M | $255K | 3.8% |
| 458110 | Other | 24 | $3.8M | $159K | 2.9% |
| 722330 | Mobile Food Services | 24 | $1.2M | $50K | 2.9% |
| 561730 | Landscaping Services | 24 | $585K | $24K | 2.9% |
| 624410 | Child Day Care Services | 24 | $10.4M | $435K | 2.9% |
| 562910 | Remediation Services | 24 | $1.9M | $77K | 2.9% |
Geographic Distribution
SBA lending activity for Black Hills FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 816 | $188.5M | 98.1% |
| New York (NY) | 8 | $987K | 1.0% |
| North Dakota (ND) | 8 | $400K | 1.0% |
Why Choose Black Hills FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 832 SBA loans approved, totaling $189.9M in financing
- ✓Industry Expertise: Specialized focus on Ornamental and Architectural Metal Work Manufacturing, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.58% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $5K to $3.6M, with an average of $228K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, ND, 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 Black Hills FCU SBA lending
What types of businesses does Black Hills FCU typically finance?
Black Hills FCU specializes in SBA 7(a) lending to specific industries including ornamental and architectural metal work manufacturing, full-service restaurants, limited-service restaurants, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Black Hills FCU's typical SBA loan terms?
Black Hills FCU's SBA 7(a) loans typically feature an average interest rate of 7.58% and average term length of 102 months (approximately 9 years). Loan sizes range from $5K to $3.6M, with an average loan size of $228K.
Do I need a business valuation for a Black Hills FCU SBA loan?
Yes, Black Hills 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 Black Hills FCU compare to other SBA lenders?
Black Hills FCU has originated 832 SBA loans totaling $189.9M since 2020. 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 Black Hills FCU lend in?
Black Hills FCU provides SBA 7(a) financing with particularly strong presence in SD, ND, 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?
Professional valuations are often required for SBA loans over $250,000.
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