Frontwave Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Frontwave Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 13 | $3.5M | $268K | 5.6% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 10 | $3.3M | $327K | 4.3% |
| 722511 | Full-Service Restaurants | 9 | $4.7M | $518K | 3.9% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 5 | $8.1M | $1.6M | 2.2% |
| 624110 | Child and Youth Services | 5 | $4.1M | $812K | 2.2% |
| 623312 | Assisted Living Facilities for the Elderly | 5 | $5.1M | $1.0M | 2.2% |
| 541330 | Engineering Services | 4 | $1.1M | $264K | 1.7% |
| 115113 | Crop Harvesting, Primarily by Machine | 4 | $417K | $104K | 1.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 | $2.2M | $550K | 1.7% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 3 | $1.1M | $365K | 1.3% |
Geographic Distribution
SBA lending activity for Frontwave Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 228 | $145.6M | 98.7% |
| Arizona (AZ) | 3 | $2.7M | 1.3% |
Why Choose Frontwave Credit Union?
Based on SBA 7(a) lending track record from 2008-2023
- ✓Proven Track Record: 231 SBA loans approved, totaling $148.4M in financing
- ✓Industry Expertise: Specialized focus on Specialized Freight (except Used Goods) Trucking, Local, Supermarkets and Other Grocery Retailers (except Convenience Retailers), Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.08% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $642K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, AZ
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 Frontwave Credit Union SBA lending
What types of businesses does Frontwave Credit Union typically finance?
Frontwave Credit Union specializes in SBA 7(a) lending to specific industries including specialized freight (except used goods) trucking, local, supermarkets and other grocery retailers (except convenience retailers), full-service restaurants, new single-family housing construction (except for-sale builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Frontwave Credit Union's typical SBA loan terms?
Frontwave Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.08% and average term length of 150 months (approximately 13 years). Loan sizes range from $15K to $5.0M, with an average loan size of $642K.
Do I need a business valuation for a Frontwave Credit Union SBA loan?
Yes, Frontwave 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 Frontwave Credit Union compare to other SBA lenders?
Frontwave Credit Union has originated 231 SBA loans totaling $148.4M since 2008. 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 Frontwave Credit Union lend in?
Frontwave Credit Union provides SBA 7(a) financing with particularly strong presence in CA, AZ. 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.