Horizon Utah FCU d/b/a Horizon CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Horizon Utah FCU d/b/a Horizon CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 339999 | All Other Miscellaneous Manufacturing | 2 | $30K | $15K | 9.5% |
| 561730 | Landscaping Services | 2 | $50K | $25K | 9.5% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $10K | $10K | 4.8% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $10K | $10K | 4.8% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $30K | $30K | 4.8% |
| 541921 | Photography Studios, Portrait | 1 | $20K | $20K | 4.8% |
| 236118 | Residential Remodelers | 1 | $65K | $65K | 4.8% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $40K | $40K | 4.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $35K | $35K | 4.8% |
| 541330 | Engineering Services | 1 | $50K | $50K | 4.8% |
Geographic Distribution
SBA lending activity for Horizon Utah FCU d/b/a Horizon CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 21 | $748K | 100.0% |
Why Choose Horizon Utah FCU d/b/a Horizon CU?
Based on SBA 7(a) lending track record from 2008-2011
- ✓Proven Track Record: 21 SBA loans approved, totaling $748K in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Manufacturing, Landscaping Services, Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of 6.40% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $5K to $123K, with an average of $36K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in UT
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 Horizon Utah FCU d/b/a Horizon CU SBA lending
What types of businesses does Horizon Utah FCU d/b/a Horizon CU typically finance?
Horizon Utah FCU d/b/a Horizon CU specializes in SBA 7(a) lending to specific industries including all other miscellaneous manufacturing, landscaping services, electrical contractors and other wiring installation contractors, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Horizon Utah FCU d/b/a Horizon CU's typical SBA loan terms?
Horizon Utah FCU d/b/a Horizon CU's SBA 7(a) loans typically feature an average interest rate of 6.40% and average term length of 89 months (approximately 7 years). Loan sizes range from $5K to $123K, with an average loan size of $36K.
Do I need a business valuation for a Horizon Utah FCU d/b/a Horizon CU SBA loan?
Yes, Horizon Utah FCU d/b/a Horizon CU 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 Horizon Utah FCU d/b/a Horizon CU compare to other SBA lenders?
Horizon Utah FCU d/b/a Horizon CU has originated 21 SBA loans totaling $748K since 2008. 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 Horizon Utah FCU d/b/a Horizon CU lend in?
Horizon Utah FCU d/b/a Horizon CU provides SBA 7(a) financing with particularly strong presence in UT. 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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