First Commonwealth FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Commonwealth FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.6M | $203K | 20.0% |
| 312120 | Breweries | 8 | $3.3M | $411K | 20.0% |
| 561320 | Temporary Help Services | 8 | $750K | $94K | 20.0% |
| 458110 | Other | 8 | $5.7M | $711K | 20.0% |
| 561740 | Carpet and Upholstery Cleaning Services | 8 | $2.4M | $305K | 20.0% |
Geographic Distribution
SBA lending activity for First Commonwealth FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 32 | $13.0M | 80.0% |
| New Jersey (NJ) | 8 | $750K | 20.0% |
Why Choose First Commonwealth FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $13.8M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Breweries, Temporary Help Services
- ✓Competitive Terms: Average interest rate of 10.10% with flexible term lengths averaging 192 months
- ✓Loan Range: Loan sizes from $94K to $711K, with an average of $345K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, NJ
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 First Commonwealth FCU SBA lending
What types of businesses does First Commonwealth FCU typically finance?
First Commonwealth FCU specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, breweries, temporary help services, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Commonwealth FCU's typical SBA loan terms?
First Commonwealth FCU's SBA 7(a) loans typically feature an average interest rate of 10.10% and average term length of 192 months (approximately 16 years). Loan sizes range from $94K to $711K, with an average loan size of $345K.
Do I need a business valuation for a First Commonwealth FCU SBA loan?
Yes, First Commonwealth FCU 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 First Commonwealth FCU compare to other SBA lenders?
First Commonwealth FCU has originated 40 SBA loans totaling $13.8M 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 First Commonwealth FCU lend in?
First Commonwealth FCU provides SBA 7(a) financing with particularly strong presence in PA, NJ. 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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