Citizens Equity First Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Equity First Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2 | $334K | $167K | 9.5% |
| 484210 | Used Household and Office Goods Moving | 1 | $85K | $85K | 4.8% |
| 332994 | Small Arms, Ordnance, and Ordnance Accessories Manufacturing | 1 | $50K | $50K | 4.8% |
| 561720 | Janitorial Services | 1 | $48K | $48K | 4.8% |
| 485320 | Limousine Service | 1 | $575K | $575K | 4.8% |
| 541430 | Graphic Design Services | 1 | $37K | $37K | 4.8% |
| 621310 | Offices of Chiropractors | 1 | $40K | $40K | 4.8% |
| 621320 | Offices of Optometrists | 1 | $50K | $50K | 4.8% |
| 541690 | Other Scientific and Technical Consulting Services | 1 | $135K | $135K | 4.8% |
| 311812 | Commercial Bakeries | 1 | $220K | $220K | 4.8% |
Geographic Distribution
SBA lending activity for Citizens Equity First Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 21 | $2.9M | 100.0% |
Why Choose Citizens Equity First Credit Union?
Based on SBA 7(a) lending track record from 1995-2013
- ✓Proven Track Record: 21 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Used Household and Office Goods Moving, Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- ✓Competitive Terms: Average interest rate of 5.81% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $37K to $575K, with an average of $139K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Citizens Equity First Credit Union SBA lending
What types of businesses does Citizens Equity First Credit Union typically finance?
Citizens Equity First Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, used household and office goods moving, small arms, ordnance, and ordnance accessories manufacturing, janitorial services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Equity First Credit Union's typical SBA loan terms?
Citizens Equity First Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.81% and average term length of 79 months (approximately 7 years). Loan sizes range from $37K to $575K, with an average loan size of $139K.
Do I need a business valuation for a Citizens Equity First Credit Union SBA loan?
Yes, Citizens Equity First 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 Citizens Equity First Credit Union compare to other SBA lenders?
Citizens Equity First Credit Union has originated 21 SBA loans totaling $2.9M since 1995. 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 Citizens Equity First Credit Union lend in?
Citizens Equity First Credit Union provides SBA 7(a) financing with particularly strong presence in IL. 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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