Financial Resources Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Financial Resources Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812910 | Pet Care (except Veterinary) Services | 20 | $12.0M | $601K | 9.1% |
| 713940 | Fitness and Recreational Sports Centers | 18 | $15.7M | $874K | 8.2% |
| 722513 | Limited-Service Restaurants | 17 | $4.1M | $243K | 7.8% |
| 722511 | Full-Service Restaurants | 8 | $8.0M | $994K | 3.7% |
| 812112 | Beauty Salons | 8 | $1.5M | $184K | 3.7% |
| 459991 | Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers | 7 | $6.8M | $976K | 3.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 | $1.3M | $218K | 2.7% |
| 541519 | Other Computer Related Services | 6 | $1.3M | $213K | 2.7% |
| 445320 | Beer, Wine, and Liquor Retailers | 5 | $6.1M | $1.2M | 2.3% |
| 541511 | Custom Computer Programming Services | 4 | $6.5M | $1.6M | 1.8% |
Geographic Distribution
SBA lending activity for Financial Resources Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 174 | $140.3M | 79.5% |
| Pennsylvania (PA) | 23 | $29.1M | 10.5% |
| New York (NY) | 20 | $26.6M | 9.1% |
| Illinois (IL) | 1 | $1.4M | 0.5% |
| California (CA) | 1 | $250K | 0.5% |
Why Choose Financial Resources Federal Credit Union?
Based on SBA 7(a) lending track record from 2005-2025
- ✓Proven Track Record: 219 SBA loans approved, totaling $197.6M in financing
- ✓Industry Expertise: Specialized focus on Pet Care (except Veterinary) Services, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 148 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $902K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NJ, PA, NY
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 Financial Resources Federal Credit Union SBA lending
What types of businesses does Financial Resources Federal Credit Union typically finance?
Financial Resources Federal Credit Union specializes in SBA 7(a) lending to specific industries including pet care (except veterinary) services, fitness and recreational sports centers, limited-service restaurants, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Financial Resources Federal Credit Union's typical SBA loan terms?
Financial Resources Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 148 months (approximately 12 years). Loan sizes range from $20K to $5.0M, with an average loan size of $902K.
Do I need a business valuation for a Financial Resources Federal Credit Union SBA loan?
Yes, Financial Resources Federal 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 Financial Resources Federal Credit Union compare to other SBA lenders?
Financial Resources Federal Credit Union has originated 219 SBA loans totaling $197.6M since 2005. 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 Financial Resources Federal Credit Union lend in?
Financial Resources Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NJ, PA, NY, CA, IL. 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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