First Entertainment CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Entertainment CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 512191 | Teleproduction and Other Postproduction Services | 3 | $85K | $28K | 33.3% |
| 541612 | Human Resources Consulting Services | 1 | $350K | $350K | 11.1% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 1 | $35K | $35K | 11.1% |
| 532210 | Consumer Electronics and Appliances Rental | 1 | $25K | $25K | 11.1% |
| 532120 | Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing | 1 | $35K | $35K | 11.1% |
| 512110 | Motion Picture and Video Production | 1 | $25K | $25K | 11.1% |
Geographic Distribution
SBA lending activity for First Entertainment CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 9 | $590K | 100.0% |
Why Choose First Entertainment CU?
Based on SBA 7(a) lending track record from 2009-2009
- ✓Proven Track Record: 9 SBA loans approved, totaling $590K in financing
- ✓Industry Expertise: Specialized focus on Teleproduction and Other Postproduction Services, Human Resources Consulting Services, Other Grocery and Related Products Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.78% with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $10K to $350K, with an average of $66K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 Entertainment CU SBA lending
What types of businesses does First Entertainment CU typically finance?
First Entertainment CU specializes in SBA 7(a) lending to specific industries including teleproduction and other postproduction services, human resources consulting services, other grocery and related products merchant wholesalers, consumer electronics and appliances rental. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Entertainment CU's typical SBA loan terms?
First Entertainment CU's SBA 7(a) loans typically feature an average interest rate of 6.78% and average term length of 77 months (approximately 6 years). Loan sizes range from $10K to $350K, with an average loan size of $66K.
Do I need a business valuation for a First Entertainment CU SBA loan?
Yes, First Entertainment 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 First Entertainment CU compare to other SBA lenders?
First Entertainment CU has originated 9 SBA loans totaling $590K since 2009. 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 Entertainment CU lend in?
First Entertainment CU provides SBA 7(a) financing with particularly strong presence in CA. 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.
Get your certified valuation from Fair Market Value.