Lafayette Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lafayette Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 1 | $65K | $65K | 100.0% |
Geographic Distribution
SBA lending activity for Lafayette Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 1 | $65K | 100.0% |
Why Choose Lafayette Federal Credit Union?
Based on SBA 7(a) lending track record from 2025-2025
- ✓Proven Track Record: 1 SBA loans approved, totaling $65K in financing
- ✓Industry Expertise: Specialized focus on Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 9.75% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $65K to $65K, with an average of $65K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
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 Lafayette Federal Credit Union SBA lending
What types of businesses does Lafayette Federal Credit Union typically finance?
Lafayette Federal Credit Union specializes in SBA 7(a) lending to specific industries including medical, dental, and hospital equipment and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lafayette Federal Credit Union's typical SBA loan terms?
Lafayette Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.75% and average term length of 72 months (approximately 6 years). Loan sizes range from $65K to $65K, with an average loan size of $65K.
Do I need a business valuation for a Lafayette Federal Credit Union SBA loan?
Yes, Lafayette Federal 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 Lafayette Federal Credit Union compare to other SBA lenders?
Lafayette Federal Credit Union has originated 1 SBA loans totaling $65K since 2025. 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 Lafayette Federal Credit Union lend in?
Lafayette Federal Credit Union provides SBA 7(a) financing with particularly strong presence in MD. 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.