Carter FCU
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Carter FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 24 | $6.2M | $257K | 8.8% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 24 | $1.6M | $66K | 8.8% |
| 621112 | Offices of Physicians, Mental Health Specialists | 16 | $800K | $50K | 5.9% |
| 484110 | General Freight Trucking, Local | 16 | $1.2M | $75K | 5.9% |
| 621210 | Offices of Dentists | 16 | $26.4M | $1.6M | 5.9% |
| 484122 | General Freight Trucking, Long-Distance, Less Than Truckload | 8 | $864K | $108K | 2.9% |
| 722513 | Limited-Service Restaurants | 8 | $600K | $75K | 2.9% |
| 812112 | Beauty Salons | 8 | $1.5M | $189K | 2.9% |
| 812199 | Other Personal Care Services | 8 | $1.4M | $180K | 2.9% |
| 524210 | Insurance Agencies and Brokerages | 8 | $2.7M | $335K | 2.9% |
Geographic Distribution
SBA lending activity for Carter FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 256 | $112.4M | 94.1% |
| Colorado (CO) | 8 | $1.6M | 2.9% |
| Texas (TX) | 8 | $720K | 2.9% |
Why Choose Carter FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 272 SBA loans approved, totaling $114.8M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Specialized Freight (except Used Goods) Trucking, Local, Offices of Physicians, Mental Health Specialists
- ✓Competitive Terms: Average interest rate of 7.40% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $27K to $2.3M, with an average of $422K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in LA, TX, 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 Carter FCU SBA lending
What types of businesses does Carter FCU typically finance?
Carter FCU specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, specialized freight (except used goods) trucking, local, offices of physicians, mental health specialists, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carter FCU's typical SBA loan terms?
Carter FCU's SBA 7(a) loans typically feature an average interest rate of 7.40% and average term length of 138 months (approximately 12 years). Loan sizes range from $27K to $2.3M, with an average loan size of $422K.
Do I need a business valuation for a Carter FCU SBA loan?
Yes, Carter 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 Carter FCU compare to other SBA lenders?
Carter FCU has originated 272 SBA loans totaling $114.8M 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 Carter FCU lend in?
Carter FCU provides SBA 7(a) financing with particularly strong presence in LA, TX, 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?
Professional valuations are often required for SBA loans over $250,000.
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