Community 1st CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community 1st CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 48 | $10.0M | $208K | 7.3% |
| 484110 | General Freight Trucking, Local | 32 | $7.3M | $228K | 4.9% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $1.9M | $60K | 4.9% |
| 336214 | Travel Trailer and Camper Manufacturing | 32 | $11.4M | $355K | 4.9% |
| 561730 | Landscaping Services | 32 | $1.4M | $44K | 4.9% |
| 624410 | Child Day Care Services | 32 | $4.1M | $127K | 4.9% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $994K | $41K | 3.7% |
| 541922 | Commercial Photography | 24 | $1.4M | $59K | 3.7% |
| 621310 | Offices of Chiropractors | 24 | $2.3M | $96K | 3.7% |
| 811192 | Car Washes | 24 | $3.4M | $140K | 3.7% |
Geographic Distribution
SBA lending activity for Community 1st CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 632 | $83.3M | 96.3% |
| Missouri (MO) | 24 | $3.0M | 3.7% |
Why Choose Community 1st CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 656 SBA loans approved, totaling $86.4M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery (except Convenience) Stores, General Freight Trucking, Local, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $5K to $721K, with an average of $132K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, MO
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 Community 1st CU SBA lending
What types of businesses does Community 1st CU typically finance?
Community 1st CU specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery (except convenience) stores, general freight trucking, local, fitness and recreational sports centers, travel trailer and camper manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community 1st CU's typical SBA loan terms?
Community 1st CU's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 123 months (approximately 10 years). Loan sizes range from $5K to $721K, with an average loan size of $132K.
Do I need a business valuation for a Community 1st CU SBA loan?
Yes, Community 1st CU 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 Community 1st CU compare to other SBA lenders?
Community 1st CU has originated 656 SBA loans totaling $86.4M 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 Community 1st CU lend in?
Community 1st CU provides SBA 7(a) financing with particularly strong presence in IA, MO. 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.
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