Consumers Credit Union
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Consumers Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Day Care Services | 16 | $6.8M | $423K | 14.3% |
| 111411 | Mushroom Production | 8 | $2.4M | $300K | 7.1% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 8 | $1.9M | $235K | 7.1% |
| 722513 | Limited-Service Restaurants | 8 | $3.2M | $396K | 7.1% |
| 238160 | Roofing Contractors | 8 | $4.4M | $552K | 7.1% |
| 621320 | Offices of Optometrists | 8 | $592K | $74K | 7.1% |
| 236220 | Commercial and Institutional Building Construction | 8 | $2.8M | $350K | 7.1% |
| 812990 | All Other Personal Services | 8 | $2.4M | $300K | 7.1% |
| 311811 | Retail Bakeries | 8 | $5.6M | $700K | 7.1% |
| 441120 | Used Car Dealers | 8 | $2.7M | $339K | 7.1% |
Geographic Distribution
SBA lending activity for Consumers Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 112 | $43.1M | 100.0% |
Why Choose Consumers Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 112 SBA loans approved, totaling $43.1M in financing
- ✓Industry Expertise: Specialized focus on Child Day Care Services, Mushroom Production, Wood Kitchen Cabinet and Countertop Manufacturing
- ✓Competitive Terms: Average interest rate of 5.80% with flexible term lengths averaging 153 months
- ✓Loan Range: Loan sizes from $74K to $969K, with an average of $384K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Consumers Credit Union SBA lending
What types of businesses does Consumers Credit Union typically finance?
Consumers Credit Union specializes in SBA 7(a) lending to specific industries including child day care services, mushroom production, wood kitchen cabinet and countertop manufacturing, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Consumers Credit Union's typical SBA loan terms?
Consumers Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.80% and average term length of 153 months (approximately 13 years). Loan sizes range from $74K to $969K, with an average loan size of $384K.
Do I need a business valuation for a Consumers Credit Union SBA loan?
Yes, Consumers 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 Consumers Credit Union compare to other SBA lenders?
Consumers Credit Union has originated 112 SBA loans totaling $43.1M 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 Consumers Credit Union lend in?
Consumers Credit Union provides SBA 7(a) financing with particularly strong presence in MI. 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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