Canvas Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Canvas Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $1.6M | $524K | 6.8% |
| 722513 | Limited-Service Restaurants | 2 | $280K | $140K | 4.5% |
| 339950 | Sign Manufacturing | 2 | $400K | $200K | 4.5% |
| 562920 | Materials Recovery Facilities | 1 | $100K | $100K | 2.3% |
| 336212 | Truck Trailer Manufacturing | 1 | $50K | $50K | 2.3% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $706K | $706K | 2.3% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | $1.5M | $1.5M | 2.3% |
| 423720 | Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers | 1 | $100K | $100K | 2.3% |
| 238190 | Other Foundation, Structure, and Building Exterior Contractors | 1 | $44K | $44K | 2.3% |
| 312120 | Breweries | 1 | $376K | $376K | 2.3% |
Geographic Distribution
SBA lending activity for Canvas Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 44 | $13.0M | 100.0% |
Why Choose Canvas Credit Union?
Based on SBA 7(a) lending track record from 2006-2026
- ✓Proven Track Record: 44 SBA loans approved, totaling $13.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Sign Manufacturing
- ✓Competitive Terms: Average interest rate of 6.62% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $25K to $1.5M, with an average of $295K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 Canvas Credit Union SBA lending
What types of businesses does Canvas Credit Union typically finance?
Canvas Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, sign manufacturing, materials recovery facilities. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Canvas Credit Union's typical SBA loan terms?
Canvas Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.62% and average term length of 108 months (approximately 9 years). Loan sizes range from $25K to $1.5M, with an average loan size of $295K.
Do I need a business valuation for a Canvas Credit Union SBA loan?
Yes, Canvas 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 Canvas Credit Union compare to other SBA lenders?
Canvas Credit Union has originated 44 SBA loans totaling $13.0M since 2006. 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 Canvas Credit Union lend in?
Canvas Credit Union provides SBA 7(a) financing with particularly strong presence in CO. 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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