Broadview Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Broadview Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711510 | Independent Artists, Writers, and Performers | 1 | $122K | $122K | 5.0% |
| 561431 | Private Mail Centers | 1 | $100K | $100K | 5.0% |
| 488510 | Freight Transportation Arrangement | 1 | $80K | $80K | 5.0% |
| 424950 | Paint, Varnish, and Supplies Merchant Wholesalers | 1 | $60K | $60K | 5.0% |
| 611699 | All Other Miscellaneous Schools and Instruction | 1 | $40K | $40K | 5.0% |
| 325510 | Paint and Coating Manufacturing | 1 | $23K | $23K | 5.0% |
| 611620 | Sports and Recreation Instruction | 1 | $20K | $20K | 5.0% |
| 811111 | General Automotive Repair | 1 | $100K | $100K | 5.0% |
| 611110 | Elementary and Secondary Schools | 1 | $237K | $237K | 5.0% |
| 624110 | Child and Youth Services | 1 | $316K | $316K | 5.0% |
Geographic Distribution
SBA lending activity for Broadview Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 20 | $3.6M | 100.0% |
Why Choose Broadview Federal Credit Union?
Based on SBA 7(a) lending track record from 2002-2009
- ✓Proven Track Record: 20 SBA loans approved, totaling $3.6M in financing
- ✓Industry Expertise: Specialized focus on Independent Artists, Writers, and Performers, Private Mail Centers, Freight Transportation Arrangement
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $20K to $550K, with an average of $179K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Broadview Federal Credit Union SBA lending
What types of businesses does Broadview Federal Credit Union typically finance?
Broadview Federal Credit Union specializes in SBA 7(a) lending to specific industries including independent artists, writers, and performers, private mail centers, freight transportation arrangement, paint, varnish, and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Broadview Federal Credit Union's typical SBA loan terms?
Broadview Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 131 months (approximately 11 years). Loan sizes range from $20K to $550K, with an average loan size of $179K.
Do I need a business valuation for a Broadview Federal Credit Union SBA loan?
Yes, Broadview Federal 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 Broadview Federal Credit Union compare to other SBA lenders?
Broadview Federal Credit Union has originated 20 SBA loans totaling $3.6M since 2002. 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 Broadview Federal Credit Union lend in?
Broadview Federal Credit Union provides SBA 7(a) financing with particularly strong presence in 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.