Frankenmuth Credit Union
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Frankenmuth Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 16 | $800K | $50K | 22.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $2.4M | $150K | 22.2% |
| 238160 | Roofing Contractors | 8 | $600K | $75K | 11.1% |
| 722511 | Full-Service Restaurants | 8 | $2.9M | $360K | 11.1% |
| 811122 | Automotive Glass Replacement Shops | 8 | $1.0M | $128K | 11.1% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 8 | $800K | $100K | 11.1% |
| 312120 | Breweries | 8 | $3.0M | $378K | 11.1% |
Geographic Distribution
SBA lending activity for Frankenmuth Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 72 | $11.5M | 100.0% |
Why Choose Frankenmuth Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $11.5M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Snack and Nonalcoholic Beverage Bars, Roofing Contractors
- ✓Competitive Terms: Average interest rate of 6.56% with flexible term lengths averaging 166 months
- ✓Loan Range: Loan sizes from $40K to $378K, with an average of $160K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Frankenmuth Credit Union SBA lending
What types of businesses does Frankenmuth Credit Union typically finance?
Frankenmuth Credit Union specializes in SBA 7(a) lending to specific industries including offices of chiropractors, snack and nonalcoholic beverage bars, roofing contractors, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Frankenmuth Credit Union's typical SBA loan terms?
Frankenmuth Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.56% and average term length of 166 months (approximately 14 years). Loan sizes range from $40K to $378K, with an average loan size of $160K.
Do I need a business valuation for a Frankenmuth Credit Union SBA loan?
Yes, Frankenmuth 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 Frankenmuth Credit Union compare to other SBA lenders?
Frankenmuth Credit Union has originated 72 SBA loans totaling $11.5M 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 Frankenmuth Credit Union lend in?
Frankenmuth Credit Union provides SBA 7(a) financing with particularly strong presence in MI. 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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