Credit Union of New Jersey, A FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Credit Union of New Jersey, A FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 312120 | Breweries | 1 | $600K | $600K | 50.0% |
| 312140 | Distilleries | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Credit Union of New Jersey, A FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 2 | $750K | 100.0% |
Why Choose Credit Union of New Jersey, A FCU?
Based on SBA 7(a) lending track record from 2013-2017
- ✓Proven Track Record: 2 SBA loans approved, totaling $750K in financing
- ✓Industry Expertise: Specialized focus on Breweries, Distilleries
- ✓Competitive Terms: Average interest rate of 6.13% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $150K to $600K, with an average of $375K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
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 Union of New Jersey, A FCU SBA lending
What types of businesses does Credit Union of New Jersey, A FCU typically finance?
Credit Union of New Jersey, A FCU specializes in SBA 7(a) lending to specific industries including breweries, distilleries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Credit Union of New Jersey, A FCU's typical SBA loan terms?
Credit Union of New Jersey, A FCU's SBA 7(a) loans typically feature an average interest rate of 6.13% and average term length of 87 months (approximately 7 years). Loan sizes range from $150K to $600K, with an average loan size of $375K.
Do I need a business valuation for a Credit Union of New Jersey, A FCU SBA loan?
Yes, Credit Union of New Jersey, A FCU 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 Union of New Jersey, A FCU compare to other SBA lenders?
Credit Union of New Jersey, A FCU has originated 2 SBA loans totaling $750K since 2013. 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 Union of New Jersey, A FCU lend in?
Credit Union of New Jersey, A FCU provides SBA 7(a) financing with particularly strong presence in NJ. 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.