Heritage Family FCU
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Heritage Family FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 64 | $9.0M | $141K | 12.5% |
| 722513 | Limited-Service Restaurants | 24 | $2.9M | $121K | 4.7% |
| 238140 | Masonry Contractors | 24 | $1.2M | $49K | 4.7% |
| 484110 | General Freight Trucking, Local | 24 | $615K | $26K | 4.7% |
| 722320 | Caterers | 24 | $2.0M | $85K | 4.7% |
| 561730 | Landscaping Services | 24 | $4.9M | $205K | 4.7% |
| 236118 | Residential Remodelers | 16 | $520K | $33K | 3.1% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.3M | $84K | 3.1% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $5.8M | $363K | 3.1% |
| 812112 | Beauty Salons | 16 | $350K | $22K | 3.1% |
Geographic Distribution
SBA lending activity for Heritage Family FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Vermont (VT) | 488 | $53.8M | 95.3% |
| New Hampshire (NH) | 16 | $810K | 3.1% |
| New York (NY) | 8 | $800K | 1.6% |
Why Choose Heritage Family FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 512 SBA loans approved, totaling $55.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Masonry Contractors
- ✓Competitive Terms: Average interest rate of 6.42% with flexible term lengths averaging 92 months
- ✓Loan Range: Loan sizes from $10K to $585K, with an average of $108K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in VT, NH, 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 Heritage Family FCU SBA lending
What types of businesses does Heritage Family FCU typically finance?
Heritage Family FCU specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, masonry contractors, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Heritage Family FCU's typical SBA loan terms?
Heritage Family FCU's SBA 7(a) loans typically feature an average interest rate of 6.42% and average term length of 92 months (approximately 8 years). Loan sizes range from $10K to $585K, with an average loan size of $108K.
Do I need a business valuation for a Heritage Family FCU SBA loan?
Yes, Heritage Family 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 Heritage Family FCU compare to other SBA lenders?
Heritage Family FCU has originated 512 SBA loans totaling $55.4M 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 Heritage Family FCU lend in?
Heritage Family FCU provides SBA 7(a) financing with particularly strong presence in VT, NH, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.