Freedom CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Freedom CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621320 | Offices of Optometrists | 2 | $126K | $63K | 11.8% |
| 541512 | Computer Systems Design Services | 2 | $2.7M | $1.3M | 11.8% |
| 531320 | Offices of Real Estate Appraisers | 1 | $40K | $40K | 5.9% |
| 561730 | Landscaping Services | 1 | $144K | $144K | 5.9% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 1 | $50K | $50K | 5.9% |
| 611511 | Cosmetology and Barber Schools | 1 | $80K | $80K | 5.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $50K | $50K | 5.9% |
Geographic Distribution
SBA lending activity for Freedom CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 17 | $4.1M | 100.0% |
Why Choose Freedom CU?
Based on SBA 7(a) lending track record from 2010-2023
- ✓Proven Track Record: 17 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Optometrists, Computer Systems Design Services, Offices of Real Estate Appraisers
- ✓Competitive Terms: Average interest rate of 6.04% with flexible term lengths averaging 74 months
- ✓Loan Range: Loan sizes from $20K to $1.4M, with an average of $239K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Freedom CU SBA lending
What types of businesses does Freedom CU typically finance?
Freedom CU specializes in SBA 7(a) lending to specific industries including offices of optometrists, computer systems design services, offices of real estate appraisers, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Freedom CU's typical SBA loan terms?
Freedom CU's SBA 7(a) loans typically feature an average interest rate of 6.04% and average term length of 74 months (approximately 6 years). Loan sizes range from $20K to $1.4M, with an average loan size of $239K.
Do I need a business valuation for a Freedom CU SBA loan?
Yes, Freedom 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 Freedom CU compare to other SBA lenders?
Freedom CU has originated 17 SBA loans totaling $4.1M since 2010. 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 Freedom CU lend in?
Freedom CU provides SBA 7(a) financing with particularly strong presence in MA. 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.