Brooklyn Cooperative Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Brooklyn Cooperative Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 17 | $264K | $16K | 4.4% |
| 722511 | Full-Service Restaurants | 14 | $780K | $56K | 3.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 13 | $419K | $32K | 3.4% |
| 512110 | Motion Picture and Video Production | 12 | $186K | $15K | 3.1% |
| 722513 | Limited-Service Restaurants | 10 | $280K | $28K | 2.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $227K | $28K | 2.1% |
| 624410 | Child Care Services | 8 | $195K | $24K | 2.1% |
| 485310 | Taxi and Ridesharing Services | 7 | $79K | $11K | 1.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 7 | $200K | $29K | 1.8% |
| 541490 | Other Specialized Design Services | 7 | $292K | $42K | 1.8% |
Geographic Distribution
SBA lending activity for Brooklyn Cooperative Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 378 | $10.7M | 98.7% |
| New Jersey (NJ) | 2 | $79K | 0.5% |
| Michigan (MI) | 1 | $50K | 0.3% |
| Connecticut (CT) | 1 | $15K | 0.3% |
| Arizona (AZ) | 1 | $15K | 0.3% |
Why Choose Brooklyn Cooperative Federal Credit Union?
Based on SBA 7(a) lending track record from 2010-2026
- ✓Proven Track Record: 383 SBA loans approved, totaling $10.8M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Full-Service Restaurants, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 10.12% with flexible term lengths averaging 57 months
- ✓Loan Range: Loan sizes from $2K to $520K, with an average of $28K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NY, NJ, MI
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 Brooklyn Cooperative Federal Credit Union SBA lending
What types of businesses does Brooklyn Cooperative Federal Credit Union typically finance?
Brooklyn Cooperative Federal Credit Union specializes in SBA 7(a) lending to specific industries including beauty salons, full-service restaurants, supermarkets and other grocery retailers (except convenience retailers), motion picture and video production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Brooklyn Cooperative Federal Credit Union's typical SBA loan terms?
Brooklyn Cooperative Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 10.12% and average term length of 57 months (approximately 5 years). Loan sizes range from $2K to $520K, with an average loan size of $28K.
Do I need a business valuation for a Brooklyn Cooperative Federal Credit Union SBA loan?
Yes, Brooklyn Cooperative 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 Brooklyn Cooperative Federal Credit Union compare to other SBA lenders?
Brooklyn Cooperative Federal Credit Union has originated 383 SBA loans totaling $10.8M 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 Brooklyn Cooperative Federal Credit Union lend in?
Brooklyn Cooperative Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NY, NJ, MI, CT, AZ. 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.
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