CODE Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by CODE Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $190K | $190K | 50.0% |
| 811111 | General Automotive Repair | 1 | $88K | $88K | 50.0% |
Geographic Distribution
SBA lending activity for CODE Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 2 | $278K | 100.0% |
Why Choose CODE Credit Union?
Based on SBA 7(a) lending track record from 2007-2008
- ✓Proven Track Record: 2 SBA loans approved, totaling $278K in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 151 months
- ✓Loan Range: Loan sizes from $88K to $190K, with an average of $139K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 CODE Credit Union SBA lending
What types of businesses does CODE Credit Union typically finance?
CODE Credit Union specializes in SBA 7(a) lending to specific industries including beauty salons, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CODE Credit Union's typical SBA loan terms?
CODE Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 151 months (approximately 13 years). Loan sizes range from $88K to $190K, with an average loan size of $139K.
Do I need a business valuation for a CODE Credit Union SBA loan?
Yes, CODE 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 CODE Credit Union compare to other SBA lenders?
CODE Credit Union has originated 2 SBA loans totaling $278K since 2007. 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 CODE Credit Union lend in?
CODE Credit Union provides SBA 7(a) financing with particularly strong presence in OH. 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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