Family Security Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Family Security Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 1 | $150K | $150K | 100.0% |
Geographic Distribution
SBA lending activity for Family Security Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 1 | $150K | 100.0% |
Why Choose Family Security Credit Union?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 1 SBA loans approved, totaling $150K in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $150K to $150K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 Family Security Credit Union SBA lending
What types of businesses does Family Security Credit Union typically finance?
Family Security Credit Union specializes in SBA 7(a) lending to specific industries including residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Family Security Credit Union's typical SBA loan terms?
Family Security Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 123 months (approximately 10 years). Loan sizes range from $150K to $150K, with an average loan size of $150K.
Do I need a business valuation for a Family Security Credit Union SBA loan?
Yes, Family Security 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 Family Security Credit Union compare to other SBA lenders?
Family Security Credit Union has originated 1 SBA loans totaling $150K since 2007. 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 Family Security Credit Union lend in?
Family Security Credit Union provides SBA 7(a) financing with particularly strong presence in AL. 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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