Enbright CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Enbright CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 2 | $181K | $91K | 33.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $350K | $350K | 16.7% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $138K | $138K | 16.7% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $360K | $360K | 16.7% |
| 541310 | Architectural Services | 1 | $295K | $295K | 16.7% |
Geographic Distribution
SBA lending activity for Enbright CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 6 | $1.3M | 100.0% |
Why Choose Enbright CU?
Based on SBA 7(a) lending track record from 2015-2018
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Drinking Places (Alcoholic Beverages), Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of 6.38% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $81K to $360K, with an average of $221K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 Enbright CU SBA lending
What types of businesses does Enbright CU typically finance?
Enbright CU specializes in SBA 7(a) lending to specific industries including limited-service restaurants, drinking places (alcoholic beverages), electrical contractors and other wiring installation contractors, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Enbright CU's typical SBA loan terms?
Enbright CU's SBA 7(a) loans typically feature an average interest rate of 6.38% and average term length of 89 months (approximately 7 years). Loan sizes range from $81K to $360K, with an average loan size of $221K.
Do I need a business valuation for a Enbright CU SBA loan?
Yes, Enbright CU 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 Enbright CU compare to other SBA lenders?
Enbright CU has originated 6 SBA loans totaling $1.3M since 2015. 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 Enbright CU lend in?
Enbright CU provides SBA 7(a) financing with particularly strong presence in TN. 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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