Central One FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Central One FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 1 | $50K | $50K | 50.0% |
| 561410 | Document Preparation Services | 1 | $50K | $50K | 50.0% |
Geographic Distribution
SBA lending activity for Central One FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 2 | $100K | 100.0% |
Why Choose Central One FCU?
Based on SBA 7(a) lending track record from 2013-2013
- ✓Proven Track Record: 2 SBA loans approved, totaling $100K in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Document Preparation Services
- ✓Competitive Terms: Average interest rate of 6.63% with flexible term lengths averaging 63 months
- ✓Loan Range: Loan sizes from $50K to $50K, with an average of $50K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Central One FCU SBA lending
What types of businesses does Central One FCU typically finance?
Central One FCU specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, document preparation services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Central One FCU's typical SBA loan terms?
Central One FCU's SBA 7(a) loans typically feature an average interest rate of 6.63% and average term length of 63 months (approximately 5 years). Loan sizes range from $50K to $50K, with an average loan size of $50K.
Do I need a business valuation for a Central One FCU SBA loan?
Yes, Central One 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 Central One FCU compare to other SBA lenders?
Central One FCU has originated 2 SBA loans totaling $100K since 2013. 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 Central One FCU lend in?
Central One FCU provides SBA 7(a) financing with particularly strong presence in MA. 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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