Greylock Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Greylock Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 14 | $790K | $56K | 5.0% |
| 561730 | Landscaping Services | 14 | $557K | $40K | 5.0% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 7 | $610K | $87K | 2.5% |
| 236118 | Residential Remodelers | 6 | $308K | $51K | 2.2% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 6 | $259K | $43K | 2.2% |
| 311812 | Commercial Bakeries | 5 | $1.3M | $252K | 1.8% |
| 238350 | Finish Carpentry Contractors | 5 | $115K | $23K | 1.8% |
| 722330 | Mobile Food Services | 4 | $145K | $36K | 1.4% |
| 541519 | Other Computer Related Services | 4 | $300K | $75K | 1.4% |
| 541214 | Payroll Services | 4 | $387K | $97K | 1.4% |
Geographic Distribution
SBA lending activity for Greylock Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 273 | $25.9M | 97.8% |
| New York (NY) | 3 | $1.9M | 1.1% |
| Connecticut (CT) | 3 | $385K | 1.1% |
Why Choose Greylock Federal Credit Union?
Based on SBA 7(a) lending track record from 2000-2024
- ✓Proven Track Record: 279 SBA loans approved, totaling $28.3M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Landscaping Services, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.68% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $4K to $950K, with an average of $101K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MA, NY, CT
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 Federal Credit Union SBA lending
What types of businesses does Greylock Federal Credit Union typically finance?
Greylock Federal Credit Union specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, landscaping services, specialized freight (except used goods) trucking, local, residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Greylock Federal Credit Union's typical SBA loan terms?
Greylock Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.68% and average term length of 97 months (approximately 8 years). Loan sizes range from $4K to $950K, with an average loan size of $101K.
Do I need a business valuation for a Greylock Federal Credit Union SBA loan?
Yes, Greylock Federal 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 Greylock Federal Credit Union compare to other SBA lenders?
Greylock Federal Credit Union has originated 279 SBA loans totaling $28.3M since 2000. 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 Federal Credit Union lend in?
Greylock Federal Credit Union provides SBA 7(a) financing with particularly strong presence in MA, NY, CT. 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.