BrightBridge Credit Union
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by BrightBridge Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 458110 | Other | 16 | $1.1M | $68K | 50.0% |
| 238210 | Electrical Contractors | 8 | $400K | $50K | 25.0% |
| 484110 | General Freight Trucking, Local | 8 | $443K | $55K | 25.0% |
Geographic Distribution
SBA lending activity for BrightBridge Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 24 | $1.5M | 75.0% |
| New Hampshire (NH) | 8 | $400K | 25.0% |
Why Choose BrightBridge Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Other, Electrical Contractors, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 9.50% with flexible term lengths averaging 81 months
- ✓Loan Range: Loan sizes from $50K to $87K, with an average of $60K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, NH
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 BrightBridge Credit Union SBA lending
What types of businesses does BrightBridge Credit Union typically finance?
BrightBridge Credit Union specializes in SBA 7(a) lending to specific industries including other, electrical contractors, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BrightBridge Credit Union's typical SBA loan terms?
BrightBridge Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.50% and average term length of 81 months (approximately 7 years). Loan sizes range from $50K to $87K, with an average loan size of $60K.
Do I need a business valuation for a BrightBridge Credit Union SBA loan?
Yes, BrightBridge 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 BrightBridge Credit Union compare to other SBA lenders?
BrightBridge Credit Union has originated 32 SBA loans totaling $1.9M 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 BrightBridge Credit Union lend in?
BrightBridge Credit Union provides SBA 7(a) financing with particularly strong presence in MA, NH. 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.
Get your certified valuation from Fair Market Value.