First Community Credit Union
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by First Community Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 16 | $882K | $55K | 11.8% |
| 236118 | Residential Remodelers | 8 | $160K | $20K | 5.9% |
| 541430 | Graphic Design Services | 8 | $540K | $68K | 5.9% |
| 722513 | Limited-Service Restaurants | 8 | $93K | $12K | 5.9% |
| 455219 | Other | 8 | $320K | $40K | 5.9% |
| 812112 | Beauty Salons | 8 | $160K | $20K | 5.9% |
| 111419 | Other Food Crops Grown Under Cover | 8 | $600K | $75K | 5.9% |
| 561790 | Other Services to Buildings and Dwellings | 8 | $240K | $30K | 5.9% |
| 311811 | Retail Bakeries | 8 | $318K | $40K | 5.9% |
| 332710 | Machine Shops | 8 | $1.5M | $185K | 5.9% |
Geographic Distribution
SBA lending activity for First Community Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 136 | $11.7M | 100.0% |
Why Choose First Community Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 136 SBA loans approved, totaling $11.7M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Residential Remodelers, Graphic Design Services
- ✓Competitive Terms: Average interest rate of 7.19% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $12K to $563K, with an average of $86K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Community Credit Union SBA lending
What types of businesses does First Community Credit Union typically finance?
First Community Credit Union specializes in SBA 7(a) lending to specific industries including landscaping services, residential remodelers, graphic design services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Community Credit Union's typical SBA loan terms?
First Community Credit Union's SBA 7(a) loans typically feature an average interest rate of 7.19% and average term length of 84 months (approximately 7 years). Loan sizes range from $12K to $563K, with an average loan size of $86K.
Do I need a business valuation for a First Community Credit Union SBA loan?
Yes, First Community 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 First Community Credit Union compare to other SBA lenders?
First Community Credit Union has originated 136 SBA loans totaling $11.7M 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 Community Credit Union lend in?
First Community Credit Union provides SBA 7(a) financing with particularly strong presence in MO. 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.
Get your certified valuation from Fair Market Value.