iTHINK Financial Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by iTHINK Financial Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721191 | Bed-and-Breakfast Inns | 19 | $15.4M | $811K | 6.3% |
| 722511 | Full-Service Restaurants | 18 | $10.4M | $580K | 6.0% |
| 722513 | Limited-Service Restaurants | 11 | $5.9M | $533K | 3.7% |
| 811111 | General Automotive Repair | 10 | $5.5M | $551K | 3.3% |
| 484110 | General Freight Trucking, Local | 10 | $4.7M | $466K | 3.3% |
| 492110 | Couriers and Express Delivery Services | 7 | $5.8M | $823K | 2.3% |
| 624410 | Child Care Services | 6 | $1.8M | $303K | 2.0% |
| 713940 | Fitness and Recreational Sports Centers | 6 | $4.3M | $715K | 2.0% |
| 812990 | All Other Personal Services | 5 | $2.7M | $534K | 1.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 5 | $12.3M | $2.5M | 1.7% |
Geographic Distribution
SBA lending activity for iTHINK Financial Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 271 | $161.8M | 90.0% |
| Georgia (GA) | 21 | $4.9M | 7.0% |
| Alabama (AL) | 2 | $2.7M | 0.7% |
| North Carolina (NC) | 4 | $2.5M | 1.3% |
| Nevada (NV) | 2 | $1.9M | 0.7% |
| South Carolina (SC) | 1 | $484K | 0.3% |
Why Choose iTHINK Financial Credit Union?
Based on SBA 7(a) lending track record from 2011-2026
- ✓Proven Track Record: 301 SBA loans approved, totaling $174.2M in financing
- ✓Industry Expertise: Specialized focus on Bed-and-Breakfast Inns, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.41% with flexible term lengths averaging 203 months
- ✓Loan Range: Loan sizes from $50K to $4.1M, with an average of $579K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in FL, GA, NC
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 iTHINK Financial Credit Union SBA lending
What types of businesses does iTHINK Financial Credit Union typically finance?
iTHINK Financial Credit Union specializes in SBA 7(a) lending to specific industries including bed-and-breakfast inns, full-service restaurants, limited-service restaurants, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are iTHINK Financial Credit Union's typical SBA loan terms?
iTHINK Financial Credit Union's SBA 7(a) loans typically feature an average interest rate of 7.41% and average term length of 203 months (approximately 17 years). Loan sizes range from $50K to $4.1M, with an average loan size of $579K.
Do I need a business valuation for a iTHINK Financial Credit Union SBA loan?
Yes, iTHINK Financial Credit Union 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 iTHINK Financial Credit Union compare to other SBA lenders?
iTHINK Financial Credit Union has originated 301 SBA loans totaling $174.2M since 2011. 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 iTHINK Financial Credit Union lend in?
iTHINK Financial Credit Union provides SBA 7(a) financing with particularly strong presence in FL, GA, NC, NV, AL. 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.
Get your certified valuation from Fair Market Value.