Indiana Members CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Indiana Members CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $800K | $100K | 33.3% |
| 458110 | Other | 8 | $3.6M | $450K | 33.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $4.4M | $550K | 33.3% |
Geographic Distribution
SBA lending activity for Indiana Members CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 24 | $8.8M | 100.0% |
Why Choose Indiana Members CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $8.8M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Other, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 10.50% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $100K to $550K, with an average of $367K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Indiana Members CU SBA lending
What types of businesses does Indiana Members CU typically finance?
Indiana Members CU specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, other, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Indiana Members CU's typical SBA loan terms?
Indiana Members CU's SBA 7(a) loans typically feature an average interest rate of 10.50% and average term length of 120 months (approximately 10 years). Loan sizes range from $100K to $550K, with an average loan size of $367K.
Do I need a business valuation for a Indiana Members CU SBA loan?
Yes, Indiana Members 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 Indiana Members CU compare to other SBA lenders?
Indiana Members CU has originated 24 SBA loans totaling $8.8M 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 Indiana Members CU lend in?
Indiana Members CU provides SBA 7(a) financing with particularly strong presence in IN. 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.
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