First Service Credit Union
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by First Service Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 32 | $64.5M | $2.0M | 13.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 24 | $37.0M | $1.5M | 10.0% |
| 541990 | All Other Professional, Scientific, and Technical Services | 24 | $8.7M | $362K | 10.0% |
| 541611 | Administrative Management and General Management Consulting Services | 24 | $47.7M | $2.0M | 10.0% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $7.6M | $473K | 6.7% |
| 624410 | Child Day Care Services | 16 | $14.1M | $882K | 6.7% |
| 238160 | Roofing Contractors | 16 | $21.0M | $1.3M | 6.7% |
| 811192 | Car Washes | 8 | $2.0M | $247K | 3.3% |
| 541410 | Interior Design Services | 8 | $2.0M | $255K | 3.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $4.7M | $585K | 3.3% |
Geographic Distribution
SBA lending activity for First Service Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 232 | $220.8M | 96.7% |
| California (CA) | 8 | $20.8M | 3.3% |
Why Choose First Service Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 240 SBA loans approved, totaling $241.6M in financing
- ✓Industry Expertise: Specialized focus on Lessors of Nonresidential Buildings (except Miniwarehouses), Hotels (except Casino Hotels) and Motels, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $120K to $4.1M, with an average of $1.0M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, 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 Service Credit Union SBA lending
What types of businesses does First Service Credit Union typically finance?
First Service Credit Union specializes in SBA 7(a) lending to specific industries including lessors of nonresidential buildings (except miniwarehouses), hotels (except casino hotels) and motels, all other professional, scientific, and technical services, administrative management and general management consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Service Credit Union's typical SBA loan terms?
First Service Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 204 months (approximately 17 years). Loan sizes range from $120K to $4.1M, with an average loan size of $1.0M.
Do I need a business valuation for a First Service Credit Union SBA loan?
Yes, First Service 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 Service Credit Union compare to other SBA lenders?
First Service Credit Union has originated 240 SBA loans totaling $241.6M 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 Service Credit Union lend in?
First Service Credit Union provides SBA 7(a) financing with particularly strong presence in TX, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.