Centris Federal Credit Union
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Centris Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561790 | Other Services to Buildings and Dwellings | 24 | $19.9M | $830K | 37.5% |
| 238210 | Electrical Contractors | 16 | $5.3M | $334K | 25.0% |
| 532284 | Other | 8 | $992K | $124K | 12.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $4.0M | $495K | 12.5% |
| 512240 | Sound Recording Studios | 8 | $768K | $96K | 12.5% |
Geographic Distribution
SBA lending activity for Centris Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 64 | $31.0M | 100.0% |
Why Choose Centris Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $31.0M in financing
- ✓Industry Expertise: Specialized focus on Other Services to Buildings and Dwellings, Electrical Contractors, Other
- ✓Competitive Terms: Average interest rate of 8.31% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $75K to $2.1M, with an average of $484K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
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 Centris Federal Credit Union SBA lending
What types of businesses does Centris Federal Credit Union typically finance?
Centris Federal Credit Union specializes in SBA 7(a) lending to specific industries including other services to buildings and dwellings, electrical contractors, other, all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Centris Federal Credit Union's typical SBA loan terms?
Centris Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 8.31% and average term length of 88 months (approximately 7 years). Loan sizes range from $75K to $2.1M, with an average loan size of $484K.
Do I need a business valuation for a Centris Federal Credit Union SBA loan?
Yes, Centris 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 Centris Federal Credit Union compare to other SBA lenders?
Centris Federal Credit Union has originated 64 SBA loans totaling $31.0M 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 Centris Federal Credit Union lend in?
Centris Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NE. 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.
Get your certified valuation from Fair Market Value.