Consumers Professional CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Consumers Professional CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 1 | $71K | $71K | 100.0% |
Geographic Distribution
SBA lending activity for Consumers Professional CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 1 | $71K | 100.0% |
Why Choose Consumers Professional CU?
Based on SBA 7(a) lending track record from 2017-2017
- ✓Proven Track Record: 1 SBA loans approved, totaling $71K in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $71K to $71K, with an average of $71K
- ✓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 Professional CU SBA lending
What types of businesses does Consumers Professional CU typically finance?
Consumers Professional CU specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Consumers Professional CU's typical SBA loan terms?
Consumers Professional CU's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 240 months (approximately 20 years). Loan sizes range from $71K to $71K, with an average loan size of $71K.
Do I need a business valuation for a Consumers Professional CU SBA loan?
Yes, Consumers Professional 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 Consumers Professional CU compare to other SBA lenders?
Consumers Professional CU has originated 1 SBA loans totaling $71K since 2017. 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 Professional CU lend in?
Consumers Professional CU 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?
Certified valuations are often required for SBA loans over $250,000.
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