Credit Union One
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Credit Union One
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 16 | $4.8M | $300K | 5.0% |
| 541110 | Offices of Lawyers | 16 | $2.0M | $125K | 5.0% |
| 484110 | General Freight Trucking, Local | 16 | $6.6M | $413K | 5.0% |
| 811111 | General Automotive Repair | 16 | $2.4M | $150K | 5.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 16 | $1.6M | $103K | 5.0% |
| 812112 | Beauty Salons | 16 | $6.8M | $426K | 5.0% |
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 16 | $1.2M | $75K | 5.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $5.5M | $343K | 5.0% |
| 812990 | All Other Personal Services | 16 | $1.5M | $96K | 5.0% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 8 | $1.6M | $200K | 2.5% |
Geographic Distribution
SBA lending activity for Credit Union One by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 312 | $77.0M | 97.5% |
| Florida (FL) | 8 | $8.0M | 2.5% |
Why Choose Credit Union One?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 320 SBA loans approved, totaling $85.0M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery (except Convenience) Stores, Offices of Lawyers, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 6.02% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $41K to $1.1M, with an average of $266K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, FL
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 One SBA lending
What types of businesses does Credit Union One typically finance?
Credit Union One specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery (except convenience) stores, offices of lawyers, general freight trucking, local, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Credit Union One's typical SBA loan terms?
Credit Union One's SBA 7(a) loans typically feature an average interest rate of 6.02% and average term length of 169 months (approximately 14 years). Loan sizes range from $41K to $1.1M, with an average loan size of $266K.
Do I need a business valuation for a Credit Union One SBA loan?
Yes, Credit Union One 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 One compare to other SBA lenders?
Credit Union One has originated 320 SBA loans totaling $85.0M 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 Credit Union One lend in?
Credit Union One provides SBA 7(a) financing with particularly strong presence in MI, FL. 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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