Health Advantage FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Health Advantage FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $340K | $340K | 100.0% |
Geographic Distribution
SBA lending activity for Health Advantage FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 1 | $340K | 100.0% |
Why Choose Health Advantage FCU?
Based on SBA 7(a) lending track record from 2019-2019
- ✓Proven Track Record: 1 SBA loans approved, totaling $340K in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services
- ✓Competitive Terms: Average interest rate of 5.13% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $340K to $340K, with an average of $340K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Health Advantage FCU SBA lending
What types of businesses does Health Advantage FCU typically finance?
Health Advantage FCU specializes in SBA 7(a) lending to specific industries including landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Health Advantage FCU's typical SBA loan terms?
Health Advantage FCU's SBA 7(a) loans typically feature an average interest rate of 5.13% and average term length of 120 months (approximately 10 years). Loan sizes range from $340K to $340K, with an average loan size of $340K.
Do I need a business valuation for a Health Advantage FCU SBA loan?
Yes, Health Advantage 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 Health Advantage FCU compare to other SBA lenders?
Health Advantage FCU has originated 1 SBA loans totaling $340K since 2019. 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 Health Advantage FCU lend in?
Health Advantage FCU provides SBA 7(a) financing with particularly strong presence in MI. 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.
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