Greylock FCU
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Greylock FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 24 | $1.6M | $66K | 15.0% |
| 238310 | Drywall and Insulation Contractors | 16 | $260K | $16K | 10.0% |
| 812990 | All Other Personal Services | 16 | $600K | $38K | 10.0% |
| 722330 | Mobile Food Services | 16 | $883K | $55K | 10.0% |
| 561730 | Landscaping Services | 8 | $120K | $15K | 5.0% |
| 621310 | Offices of Chiropractors | 8 | $1.1M | $140K | 5.0% |
| 236220 | Commercial and Institutional Building Construction | 8 | $400K | $50K | 5.0% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $600K | $75K | 5.0% |
| 453110 | Florists | 8 | $880K | $110K | 5.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $640K | $80K | 5.0% |
Geographic Distribution
SBA lending activity for Greylock FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 160 | $14.2M | 100.0% |
Why Choose Greylock FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 160 SBA loans approved, totaling $14.2M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Drywall and Insulation Contractors, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 5.80% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $10K to $500K, with an average of $89K
- ✓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 Greylock FCU SBA lending
What types of businesses does Greylock FCU typically finance?
Greylock FCU specializes in SBA 7(a) lending to specific industries including beauty salons, drywall and insulation contractors, all other personal services, mobile food services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Greylock FCU's typical SBA loan terms?
Greylock FCU's SBA 7(a) loans typically feature an average interest rate of 5.80% and average term length of 96 months (approximately 8 years). Loan sizes range from $10K to $500K, with an average loan size of $89K.
Do I need a business valuation for a Greylock FCU SBA loan?
Yes, Greylock 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 Greylock FCU compare to other SBA lenders?
Greylock FCU has originated 160 SBA loans totaling $14.2M 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 Greylock FCU lend in?
Greylock FCU 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?
Professional valuations are often required for SBA loans over $250,000.
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