Levo Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Levo Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 32 | $762K | $24K | 15.4% |
| 238320 | Painting and Wall Covering Contractors | 16 | $366K | $23K | 7.7% |
| 541850 | Display Advertising | 16 | $555K | $35K | 7.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $592K | $37K | 7.7% |
| 722310 | Food Service Contractors | 16 | $608K | $38K | 7.7% |
| 561730 | Landscaping Services | 8 | $564K | $71K | 3.8% |
| 238390 | Other Building Finishing Contractors | 8 | $320K | $40K | 3.8% |
| 238910 | Site Preparation Contractors | 8 | $2.7M | $342K | 3.8% |
| 238330 | Flooring Contractors | 8 | $448K | $56K | 3.8% |
| 561990 | All Other Support Services | 8 | $720K | $90K | 3.8% |
Geographic Distribution
SBA lending activity for Levo Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 192 | $11.0M | 92.3% |
| North Dakota (ND) | 8 | $322K | 3.8% |
| Iowa (IA) | 8 | $200K | 3.8% |
Why Choose Levo Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 208 SBA loans approved, totaling $11.5M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Painting and Wall Covering Contractors, Display Advertising
- ✓Competitive Terms: Average interest rate of 9.49% with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $6K to $342K, with an average of $55K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, ND, IA
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 Levo Federal Credit Union SBA lending
What types of businesses does Levo Federal Credit Union typically finance?
Levo Federal Credit Union specializes in SBA 7(a) lending to specific industries including general freight trucking, local, painting and wall covering contractors, display advertising, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Levo Federal Credit Union's typical SBA loan terms?
Levo Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.49% and average term length of 75 months (approximately 6 years). Loan sizes range from $6K to $342K, with an average loan size of $55K.
Do I need a business valuation for a Levo Federal Credit Union SBA loan?
Yes, Levo 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 Levo Federal Credit Union compare to other SBA lenders?
Levo Federal Credit Union has originated 208 SBA loans totaling $11.5M 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 Levo Federal Credit Union lend in?
Levo Federal Credit Union provides SBA 7(a) financing with particularly strong presence in SD, ND, IA. 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.
Get your certified valuation from Fair Market Value.