HFS FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by HFS FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $125K | $63K | 25.0% |
| 561730 | Landscaping Services | 1 | $50K | $50K | 12.5% |
| 238990 | All Other Specialty Trade Contractors | 1 | $750K | $750K | 12.5% |
| 541921 | Photography Studios, Portrait | 1 | $65K | $65K | 12.5% |
| 721191 | Bed-and-Breakfast Inns | 1 | $150K | $150K | 12.5% |
Geographic Distribution
SBA lending activity for HFS FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Hawaii (HI) | 7 | $1.2M | 87.5% |
| Virginia (VA) | 1 | $350K | 12.5% |
Why Choose HFS FCU?
Based on SBA 7(a) lending track record from 2009-2012
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Landscaping Services, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 5.69% with flexible term lengths averaging 61 months
- ✓Loan Range: Loan sizes from $50K to $750K, with an average of $196K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in HI, VA
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 HFS FCU SBA lending
What types of businesses does HFS FCU typically finance?
HFS FCU specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, landscaping services, all other specialty trade contractors, photography studios, portrait. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are HFS FCU's typical SBA loan terms?
HFS FCU's SBA 7(a) loans typically feature an average interest rate of 5.69% and average term length of 61 months (approximately 5 years). Loan sizes range from $50K to $750K, with an average loan size of $196K.
Do I need a business valuation for a HFS FCU SBA loan?
Yes, HFS 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 HFS FCU compare to other SBA lenders?
HFS FCU has originated 8 SBA loans totaling $1.6M since 2009. 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 HFS FCU lend in?
HFS FCU provides SBA 7(a) financing with particularly strong presence in HI, VA. 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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