Cooperativa de Ahorro y Credito de Rincon
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cooperativa de Ahorro y Credito de Rincon · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $750K | $750K | 16.7% |
| 311811 | Retail Bakeries | 1 | $190K | $190K | 16.7% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $50K | $50K | 16.7% |
| 445291 | Baked Goods Retailers | 1 | $205K | $205K | 16.7% |
Geographic Distribution
SBA lending activity for Cooperativa de Ahorro y Credito de Rincon by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 6 | $1.6M | 100.0% |
Why Choose Cooperativa de Ahorro y Credito de Rincon?
Based on SBA 7(a) lending track record from 2003-2008
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Retail Bakeries, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 184 months
- ✓Loan Range: Loan sizes from $50K to $750K, with an average of $259K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PR
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 Cooperativa de Ahorro y Credito de Rincon SBA lending
What types of businesses does Cooperativa de Ahorro y Credito de Rincon typically finance?
Cooperativa de Ahorro y Credito de Rincon specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, retail bakeries, fitness and recreational sports centers, baked goods retailers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cooperativa de Ahorro y Credito de Rincon's typical SBA loan terms?
Cooperativa de Ahorro y Credito de Rincon's SBA 7(a) loans typically feature an average interest rate of — and average term length of 184 months (approximately 15 years). Loan sizes range from $50K to $750K, with an average loan size of $259K.
Do I need a business valuation for a Cooperativa de Ahorro y Credito de Rincon SBA loan?
Yes, Cooperativa de Ahorro y Credito de Rincon 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 Cooperativa de Ahorro y Credito de Rincon compare to other SBA lenders?
Cooperativa de Ahorro y Credito de Rincon has originated 6 SBA loans totaling $1.6M since 2003. 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 Cooperativa de Ahorro y Credito de Rincon lend in?
Cooperativa de Ahorro y Credito de Rincon provides SBA 7(a) financing with particularly strong presence in PR. 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.
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