Credit America Savings Center
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Credit America Savings Center · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $70K | $70K | 12.5% |
| 621310 | Offices of Chiropractors | 1 | $75K | $75K | 12.5% |
| 811111 | General Automotive Repair | 1 | $70K | $70K | 12.5% |
Geographic Distribution
SBA lending activity for Credit America Savings Center by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $1.3M | 100.0% |
Why Choose Credit America Savings Center?
Based on SBA 7(a) lending track record from 1994-2003
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Offices of Chiropractors, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $16K to $490K, with an average of $167K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Credit America Savings Center SBA lending
What types of businesses does Credit America Savings Center typically finance?
Credit America Savings Center specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, offices of chiropractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Credit America Savings Center's typical SBA loan terms?
Credit America Savings Center's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $16K to $490K, with an average loan size of $167K.
Do I need a business valuation for a Credit America Savings Center SBA loan?
Yes, Credit America Savings Center 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 Credit America Savings Center compare to other SBA lenders?
Credit America Savings Center has originated 8 SBA loans totaling $1.3M since 1994. 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 Credit America Savings Center lend in?
Credit America Savings Center provides SBA 7(a) financing with particularly strong presence in MN. 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.
Get your certified valuation from Fair Market Value.