Economic and Community Development Institute
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Economic and Community Development Institute
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 64 | $11.3M | $177K | 7.9% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $5.8M | $144K | 5.0% |
| 722513 | Limited-Service Restaurants | 32 | $4.3M | $134K | 4.0% |
| 312120 | Breweries | 24 | $4.0M | $167K | 3.0% |
| 713990 | All Other Amusement and Recreation Industries | 24 | $3.8M | $157K | 3.0% |
| 722330 | Mobile Food Services | 24 | $2.9M | $121K | 3.0% |
| 624410 | Child Day Care Services | 24 | $4.6M | $190K | 3.0% |
| 541613 | Marketing Consulting Services | 16 | $1.8M | $111K | 2.0% |
| 722320 | Caterers | 16 | $3.0M | $190K | 2.0% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $2.3M | $145K | 2.0% |
Geographic Distribution
SBA lending activity for Economic and Community Development Institute by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 808 | $136.7M | 100.0% |
Why Choose Economic and Community Development Institute?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 808 SBA loans approved, totaling $136.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 9.37% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $47K to $350K, with an average of $169K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Economic and Community Development Institute SBA lending
What types of businesses does Economic and Community Development Institute typically finance?
Economic and Community Development Institute specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, limited-service restaurants, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Economic and Community Development Institute's typical SBA loan terms?
Economic and Community Development Institute's SBA 7(a) loans typically feature an average interest rate of 9.37% and average term length of 130 months (approximately 11 years). Loan sizes range from $47K to $350K, with an average loan size of $169K.
Do I need a business valuation for a Economic and Community Development Institute SBA loan?
Yes, Economic and Community Development Institute 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 Economic and Community Development Institute compare to other SBA lenders?
Economic and Community Development Institute has originated 808 SBA loans totaling $136.7M 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 Economic and Community Development Institute lend in?
Economic and Community Development Institute provides SBA 7(a) financing with particularly strong presence in OH. 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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