Indiana University CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Indiana University CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562111 | Solid Waste Collection | 1 | $150K | $150K | 20.0% |
| 238990 | All Other Specialty Trade Contractors | 1 | $30K | $30K | 20.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $34K | $34K | 20.0% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $20K | $20K | 20.0% |
Geographic Distribution
SBA lending activity for Indiana University CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 5 | $284K | 100.0% |
Why Choose Indiana University CU?
Based on SBA 7(a) lending track record from 2007-2010
- ✓Proven Track Record: 5 SBA loans approved, totaling $284K in financing
- ✓Industry Expertise: Specialized focus on Solid Waste Collection, All Other Specialty Trade Contractors, General Freight Trucking, Long-Distance, Truckload
- ✓Competitive Terms: Average interest rate of 7.50% with flexible term lengths averaging 44 months
- ✓Loan Range: Loan sizes from $20K to $150K, with an average of $57K
- ✓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 University CU SBA lending
What types of businesses does Indiana University CU typically finance?
Indiana University CU specializes in SBA 7(a) lending to specific industries including solid waste collection, all other specialty trade contractors, general freight trucking, long-distance, truckload, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Indiana University CU's typical SBA loan terms?
Indiana University CU's SBA 7(a) loans typically feature an average interest rate of 7.50% and average term length of 44 months (approximately 4 years). Loan sizes range from $20K to $150K, with an average loan size of $57K.
Do I need a business valuation for a Indiana University CU SBA loan?
Yes, Indiana University 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 University CU compare to other SBA lenders?
Indiana University CU has originated 5 SBA loans totaling $284K since 2007. 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 University CU lend in?
Indiana University 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?
Certified valuations are often required for SBA loans over $250,000.
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