GFA FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by GFA FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 5 | $321K | $64K | 6.3% |
| 236118 | Residential Remodelers | 4 | $255K | $64K | 5.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | $99K | $33K | 3.8% |
| 238910 | Site Preparation Contractors | 3 | $1.0M | $339K | 3.8% |
| 484110 | General Freight Trucking, Local | 3 | $124K | $41K | 3.8% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 3 | $155K | $52K | 3.8% |
| 811111 | General Automotive Repair | 3 | $561K | $187K | 3.8% |
| 722511 | Full-Service Restaurants | 3 | $348K | $116K | 3.8% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | $522K | $261K | 2.5% |
| 713950 | Bowling Centers | 2 | $405K | $203K | 2.5% |
Geographic Distribution
SBA lending activity for GFA FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 44 | $6.2M | 55.0% |
| Massachusetts (MA) | 35 | $4.2M | 43.8% |
| New York (NY) | 1 | $270K | 1.3% |
Why Choose GFA FCU?
Based on SBA 7(a) lending track record from 1997-2022
- ✓Proven Track Record: 80 SBA loans approved, totaling $10.7M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Residential Remodelers, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.15% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $7K to $750K, with an average of $133K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NH, MA, NY
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 GFA FCU SBA lending
What types of businesses does GFA FCU typically finance?
GFA FCU specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, residential remodelers, plumbing, heating, and air-conditioning contractors, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are GFA FCU's typical SBA loan terms?
GFA FCU's SBA 7(a) loans typically feature an average interest rate of 6.15% and average term length of 94 months (approximately 8 years). Loan sizes range from $7K to $750K, with an average loan size of $133K.
Do I need a business valuation for a GFA FCU SBA loan?
Yes, GFA 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 GFA FCU compare to other SBA lenders?
GFA FCU has originated 80 SBA loans totaling $10.7M since 1997. 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 GFA FCU lend in?
GFA FCU provides SBA 7(a) financing with particularly strong presence in NH, MA, NY. 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.