Eastern Utah Community FCU
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Eastern Utah Community FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238910 | Site Preparation Contractors | 8 | $3.3M | $408K | 50.0% |
| 562111 | Solid Waste Collection | 8 | $2.1M | $265K | 50.0% |
Geographic Distribution
SBA lending activity for Eastern Utah Community FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 16 | $5.4M | 100.0% |
Why Choose Eastern Utah Community FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $5.4M in financing
- ✓Industry Expertise: Specialized focus on Site Preparation Contractors, Solid Waste Collection
- ✓Competitive Terms: Average interest rate of 10.13% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $265K to $408K, with an average of $336K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in UT
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 Eastern Utah Community FCU SBA lending
What types of businesses does Eastern Utah Community FCU typically finance?
Eastern Utah Community FCU specializes in SBA 7(a) lending to specific industries including site preparation contractors, solid waste collection. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Eastern Utah Community FCU's typical SBA loan terms?
Eastern Utah Community FCU's SBA 7(a) loans typically feature an average interest rate of 10.13% and average term length of 102 months (approximately 9 years). Loan sizes range from $265K to $408K, with an average loan size of $336K.
Do I need a business valuation for a Eastern Utah Community FCU SBA loan?
Yes, Eastern Utah Community 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 Eastern Utah Community FCU compare to other SBA lenders?
Eastern Utah Community FCU has originated 16 SBA loans totaling $5.4M 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 Eastern Utah Community FCU lend in?
Eastern Utah Community FCU provides SBA 7(a) financing with particularly strong presence in UT. 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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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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