LGE Community CU
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by LGE Community CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 80 | $137.1M | $1.7M | 14.5% |
| 722511 | Full-Service Restaurants | 72 | $36.7M | $509K | 13.0% |
| 445320 | Other | 32 | $70.7M | $2.2M | 5.8% |
| 541320 | Landscape Architectural Services | 24 | $33.6M | $1.4M | 4.3% |
| 447110 | Gasoline Stations with Convenience Stores | 24 | $38.9M | $1.6M | 4.3% |
| 722513 | Limited-Service Restaurants | 24 | $19.5M | $813K | 4.3% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $13.5M | $561K | 4.3% |
| 811192 | Car Washes | 24 | $55.2M | $2.3M | 4.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 16 | $15.4M | $961K | 2.9% |
| 811111 | General Automotive Repair | 16 | $10.7M | $668K | 2.9% |
Geographic Distribution
SBA lending activity for LGE Community CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 536 | $548.9M | 97.1% |
| Tennessee (TN) | 8 | $16.6M | 1.4% |
| Virginia (VA) | 8 | $4.9M | 1.4% |
Why Choose LGE Community CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 552 SBA loans approved, totaling $570.3M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Full-Service Restaurants, Other
- ✓Competitive Terms: Average interest rate of 6.53% with flexible term lengths averaging 213 months
- ✓Loan Range: Loan sizes from $120K to $4.6M, with an average of $1.0M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in GA, TN, VA
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 LGE Community CU SBA lending
What types of businesses does LGE Community CU typically finance?
LGE Community CU specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, full-service restaurants, other, landscape architectural services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are LGE Community CU's typical SBA loan terms?
LGE Community CU's SBA 7(a) loans typically feature an average interest rate of 6.53% and average term length of 213 months (approximately 18 years). Loan sizes range from $120K to $4.6M, with an average loan size of $1.0M.
Do I need a business valuation for a LGE Community CU SBA loan?
Yes, LGE Community 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 LGE Community CU compare to other SBA lenders?
LGE Community CU has originated 552 SBA loans totaling $570.3M 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 LGE Community CU lend in?
LGE Community CU provides SBA 7(a) financing with particularly strong presence in GA, TN, VA. 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.