Chartway FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Chartway FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 12 | $277K | $23K | 5.0% |
| 621310 | Offices of Chiropractors | 11 | $609K | $55K | 4.6% |
| 811111 | General Automotive Repair | 7 | $660K | $94K | 2.9% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 6 | $283K | $47K | 2.5% |
| 532310 | General Rental Centers | 6 | $598K | $100K | 2.5% |
| 238330 | Flooring Contractors | 6 | $202K | $34K | 2.5% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 6 | $303K | $50K | 2.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | $156K | $31K | 2.1% |
| 236118 | Residential Remodelers | 5 | $319K | $64K | 2.1% |
| 238910 | Site Preparation Contractors | 5 | $205K | $41K | 2.1% |
Geographic Distribution
SBA lending activity for Chartway FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 225 | $13.5M | 94.1% |
| Arkansas (AR) | 1 | $1.4M | 0.4% |
| Nevada (NV) | 3 | $462K | 1.3% |
| Florida (FL) | 3 | $125K | 1.3% |
| Colorado (CO) | 1 | $60K | 0.4% |
| Arizona (AZ) | 2 | $45K | 0.8% |
| California (CA) | 1 | $35K | 0.4% |
| Idaho (ID) | 1 | $32K | 0.4% |
| Delaware (DE) | 1 | $25K | 0.4% |
| North Carolina (NC) | 1 | $15K | 0.4% |
Why Choose Chartway FCU?
Based on SBA 7(a) lending track record from 2005-2013
- ✓Proven Track Record: 239 SBA loans approved, totaling $15.7M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Offices of Chiropractors, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 7.04% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $10K to $1.4M, with an average of $66K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in UT, FL, NV
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 Chartway FCU SBA lending
What types of businesses does Chartway FCU typically finance?
Chartway FCU specializes in SBA 7(a) lending to specific industries including landscaping services, offices of chiropractors, general automotive repair, general freight trucking, long-distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Chartway FCU's typical SBA loan terms?
Chartway FCU's SBA 7(a) loans typically feature an average interest rate of 7.04% and average term length of 98 months (approximately 8 years). Loan sizes range from $10K to $1.4M, with an average loan size of $66K.
Do I need a business valuation for a Chartway FCU SBA loan?
Yes, Chartway 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 Chartway FCU compare to other SBA lenders?
Chartway FCU has originated 239 SBA loans totaling $15.7M since 2005. 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 Chartway FCU lend in?
Chartway FCU provides SBA 7(a) financing with particularly strong presence in UT, FL, NV, AZ, DE. 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.
Get your certified valuation from Fair Market Value.