Deseret First FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Deseret First FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 12 | $541K | $45K | 5.3% |
| 541613 | Marketing Consulting Services | 9 | $325K | $36K | 4.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $280K | $35K | 3.5% |
| 621210 | Offices of Dentists | 6 | $349K | $58K | 2.7% |
| 561720 | Janitorial Services | 6 | $145K | $24K | 2.7% |
| 561730 | Landscaping Services | 6 | $365K | $61K | 2.7% |
| 522310 | Mortgage and Nonmortgage Loan Brokers | 4 | $125K | $31K | 1.8% |
| 812199 | Other Personal Care Services | 4 | $75K | $19K | 1.8% |
| 238330 | Flooring Contractors | 4 | $175K | $44K | 1.8% |
| 484110 | General Freight Trucking, Local | 4 | $219K | $55K | 1.8% |
Geographic Distribution
SBA lending activity for Deseret First FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 218 | $9.1M | 96.5% |
| Idaho (ID) | 2 | $91K | 0.9% |
| Ohio (OH) | 1 | $49K | 0.4% |
| Nevada (NV) | 1 | $25K | 0.4% |
| New York (NY) | 1 | $20K | 0.4% |
| California (CA) | 1 | $15K | 0.4% |
| Arizona (AZ) | 1 | $15K | 0.4% |
| Wyoming (WY) | 1 | $15K | 0.4% |
Why Choose Deseret First FCU?
Based on SBA 7(a) lending track record from 2004-2015
- ✓Proven Track Record: 226 SBA loans approved, totaling $9.3M in financing
- ✓Industry Expertise: Specialized focus on Specialized Freight (except Used Goods) Trucking, Local, Marketing Consulting Services, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.71% with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $5K to $741K, with an average of $41K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in UT, ID, NV
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 Deseret First FCU SBA lending
What types of businesses does Deseret First FCU typically finance?
Deseret First FCU specializes in SBA 7(a) lending to specific industries including specialized freight (except used goods) trucking, local, marketing consulting services, plumbing, heating, and air-conditioning contractors, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Deseret First FCU's typical SBA loan terms?
Deseret First FCU's SBA 7(a) loans typically feature an average interest rate of 6.71% and average term length of 77 months (approximately 6 years). Loan sizes range from $5K to $741K, with an average loan size of $41K.
Do I need a business valuation for a Deseret First FCU SBA loan?
Yes, Deseret First 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 Deseret First FCU compare to other SBA lenders?
Deseret First FCU has originated 226 SBA loans totaling $9.3M since 2004. 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 Deseret First FCU lend in?
Deseret First FCU provides SBA 7(a) financing with particularly strong presence in UT, ID, NV, OH, CA. 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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