Empeople Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Empeople Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 447110 | Gasoline Stations with Convenience Stores | 16 | $800K | $50K | 9.5% |
| 524210 | Insurance Agencies and Brokerages | 16 | $2.4M | $153K | 9.5% |
| 238310 | Drywall and Insulation Contractors | 16 | $1.6M | $100K | 9.5% |
| 441228 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 16 | $1.9M | $118K | 9.5% |
| 722513 | Limited-Service Restaurants | 8 | $1.2M | $150K | 4.8% |
| 339950 | Sign Manufacturing | 8 | $4.3M | $540K | 4.8% |
| 621310 | Offices of Chiropractors | 8 | $720K | $90K | 4.8% |
| 811111 | General Automotive Repair | 8 | $260K | $33K | 4.8% |
| 523930 | Investment Advice | 8 | $320K | $40K | 4.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $780K | $98K | 4.8% |
Geographic Distribution
SBA lending activity for Empeople Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 168 | $22.4M | 100.0% |
Why Choose Empeople Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 168 SBA loans approved, totaling $22.4M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores, Insurance Agencies and Brokerages, Drywall and Insulation Contractors
- ✓Competitive Terms: Average interest rate of 6.64% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $25K to $540K, with an average of $133K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
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 Empeople Credit Union SBA lending
What types of businesses does Empeople Credit Union typically finance?
Empeople Credit Union specializes in SBA 7(a) lending to specific industries including gasoline stations with convenience stores, insurance agencies and brokerages, drywall and insulation contractors, motorcycle, atv, and all other motor vehicle dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Empeople Credit Union's typical SBA loan terms?
Empeople Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.64% and average term length of 106 months (approximately 9 years). Loan sizes range from $25K to $540K, with an average loan size of $133K.
Do I need a business valuation for a Empeople Credit Union SBA loan?
Yes, Empeople Credit Union 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 Empeople Credit Union compare to other SBA lenders?
Empeople Credit Union has originated 168 SBA loans totaling $22.4M 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 Empeople Credit Union lend in?
Empeople Credit Union provides SBA 7(a) financing with particularly strong presence in ME. 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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