Fortera FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fortera FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611691 | Exam Preparation and Tutoring | 1 | $38K | $38K | 100.0% |
Geographic Distribution
SBA lending activity for Fortera FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 1 | $38K | 100.0% |
Why Choose Fortera FCU?
Based on SBA 7(a) lending track record from 2014-2014
- ✓Proven Track Record: 1 SBA loans approved, totaling $38K in financing
- ✓Industry Expertise: Specialized focus on Exam Preparation and Tutoring
- ✓Competitive Terms: Average interest rate of 9.00% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $38K to $38K, with an average of $38K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 Fortera FCU SBA lending
What types of businesses does Fortera FCU typically finance?
Fortera FCU specializes in SBA 7(a) lending to specific industries including exam preparation and tutoring. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fortera FCU's typical SBA loan terms?
Fortera FCU's SBA 7(a) loans typically feature an average interest rate of 9.00% and average term length of 84 months (approximately 7 years). Loan sizes range from $38K to $38K, with an average loan size of $38K.
Do I need a business valuation for a Fortera FCU SBA loan?
Yes, Fortera 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 Fortera FCU compare to other SBA lenders?
Fortera FCU has originated 1 SBA loans totaling $38K since 2014. 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 Fortera FCU lend in?
Fortera FCU provides SBA 7(a) financing with particularly strong presence in TN. 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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