Hanscom FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Hanscom FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 458110 | Clothing and Clothing Accessories Retailers | 3 | $360K | $120K | 9.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 3 | $515K | $172K | 9.4% |
| 485410 | School and Employee Bus Transportation | 3 | $510K | $170K | 9.4% |
| 713990 | All Other Amusement and Recreation Industries | 2 | $780K | $390K | 6.3% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $1.0M | $500K | 6.3% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $86K | $43K | 6.3% |
| 812220 | Cemeteries and Crematories | 2 | $275K | $138K | 6.3% |
| 238330 | Flooring Contractors | 2 | $205K | $103K | 6.3% |
| 722330 | Mobile Food Services | 2 | $478K | $239K | 6.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $132K | $66K | 6.3% |
Geographic Distribution
SBA lending activity for Hanscom FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 27 | $5.5M | 84.4% |
| Florida (FL) | 1 | $130K | 3.1% |
| California (CA) | 1 | $75K | 3.1% |
| New Hampshire (NH) | 1 | $64K | 3.1% |
| South Carolina (SC) | 1 | $59K | 3.1% |
| Connecticut (CT) | 1 | $50K | 3.1% |
Why Choose Hanscom FCU?
Based on SBA 7(a) lending track record from 2013-2026
- ✓Proven Track Record: 32 SBA loans approved, totaling $5.9M in financing
- ✓Industry Expertise: Specialized focus on Clothing and Clothing Accessories Retailers, Snack and Nonalcoholic Beverage Bars, School and Employee Bus Transportation
- ✓Competitive Terms: Average interest rate of 7.42% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $20K to $670K, with an average of $184K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in MA, CA, NH
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 Hanscom FCU SBA lending
What types of businesses does Hanscom FCU typically finance?
Hanscom FCU specializes in SBA 7(a) lending to specific industries including clothing and clothing accessories retailers, snack and nonalcoholic beverage bars, school and employee bus transportation, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hanscom FCU's typical SBA loan terms?
Hanscom FCU's SBA 7(a) loans typically feature an average interest rate of 7.42% and average term length of 106 months (approximately 9 years). Loan sizes range from $20K to $670K, with an average loan size of $184K.
Do I need a business valuation for a Hanscom FCU SBA loan?
Yes, Hanscom 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 Hanscom FCU compare to other SBA lenders?
Hanscom FCU has originated 32 SBA loans totaling $5.9M since 2013. 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 Hanscom FCU lend in?
Hanscom FCU provides SBA 7(a) financing with particularly strong presence in MA, CA, NH, FL, SC. 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?
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