Lanco FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lanco FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 1 | $49K | $49K | 50.0% |
Geographic Distribution
SBA lending activity for Lanco FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 1 | $282K | 50.0% |
| Pennsylvania (PA) | 1 | $49K | 50.0% |
Why Choose Lanco FCU?
Based on SBA 7(a) lending track record from 2006-2017
- ✓Proven Track Record: 2 SBA loans approved, totaling $330K in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $49K to $282K, with an average of $165K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, CO
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 Lanco FCU SBA lending
What types of businesses does Lanco FCU typically finance?
Lanco FCU specializes in SBA 7(a) lending to specific industries including limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lanco FCU's typical SBA loan terms?
Lanco FCU's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 112 months (approximately 9 years). Loan sizes range from $49K to $282K, with an average loan size of $165K.
Do I need a business valuation for a Lanco FCU SBA loan?
Yes, Lanco FCU 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 Lanco FCU compare to other SBA lenders?
Lanco FCU has originated 2 SBA loans totaling $330K since 2006. 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 Lanco FCU lend in?
Lanco FCU provides SBA 7(a) financing with particularly strong presence in PA, CO. 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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