Cobalt FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cobalt FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 4 | $300K | $75K | 23.5% |
| 541211 | Offices of Certified Public Accountants | 3 | $150K | $50K | 17.6% |
| 621210 | Offices of Dentists | 3 | $141K | $47K | 17.6% |
| 238990 | All Other Specialty Trade Contractors | 2 | $183K | $91K | 11.8% |
| 711510 | Independent Artists, Writers, and Performers | 1 | $31K | $31K | 5.9% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $27K | $27K | 5.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $70K | $70K | 5.9% |
Geographic Distribution
SBA lending activity for Cobalt FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 17 | $1.3M | 100.0% |
Why Choose Cobalt FCU?
Based on SBA 7(a) lending track record from 2004-2010
- ✓Proven Track Record: 17 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Offices of Certified Public Accountants, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $10K to $323K, with an average of $75K
- ✓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 Cobalt FCU SBA lending
What types of businesses does Cobalt FCU typically finance?
Cobalt FCU specializes in SBA 7(a) lending to specific industries including offices of chiropractors, offices of certified public accountants, offices of dentists, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cobalt FCU's typical SBA loan terms?
Cobalt FCU's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 87 months (approximately 7 years). Loan sizes range from $10K to $323K, with an average loan size of $75K.
Do I need a business valuation for a Cobalt FCU SBA loan?
Yes, Cobalt 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 Cobalt FCU compare to other SBA lenders?
Cobalt FCU has originated 17 SBA loans totaling $1.3M since 2004. 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 Cobalt FCU lend in?
Cobalt FCU 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.