Liberty Bay Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Liberty Bay Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 4 | $185K | $46K | 20.0% |
| 532289 | All Other Consumer Goods Rental | 4 | $1.2M | $297K | 20.0% |
| 611610 | Fine Arts Schools | 2 | $341K | $171K | 10.0% |
| 624410 | Child Care Services | 2 | $325K | $163K | 10.0% |
| 484110 | General Freight Trucking, Local | 2 | $136K | $68K | 10.0% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $32K | $16K | 10.0% |
| 238340 | Tile and Terrazzo Contractors | 1 | $42K | $42K | 5.0% |
| 812990 | All Other Personal Services | 1 | $160K | $160K | 5.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $50K | $50K | 5.0% |
| 561730 | Landscaping Services | 1 | $36K | $36K | 5.0% |
Geographic Distribution
SBA lending activity for Liberty Bay Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 20 | $2.5M | 100.0% |
Why Choose Liberty Bay Credit Union?
Based on SBA 7(a) lending track record from 2011-2021
- ✓Proven Track Record: 20 SBA loans approved, totaling $2.5M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, All Other Consumer Goods Rental, Fine Arts Schools
- ✓Competitive Terms: Average interest rate of 5.29% with flexible term lengths averaging 62 months
- ✓Loan Range: Loan sizes from $12K to $350K, with an average of $125K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Liberty Bay Credit Union SBA lending
What types of businesses does Liberty Bay Credit Union typically finance?
Liberty Bay Credit Union specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, all other consumer goods rental, fine arts schools, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Liberty Bay Credit Union's typical SBA loan terms?
Liberty Bay Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.29% and average term length of 62 months (approximately 5 years). Loan sizes range from $12K to $350K, with an average loan size of $125K.
Do I need a business valuation for a Liberty Bay Credit Union SBA loan?
Yes, Liberty Bay 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 Liberty Bay Credit Union compare to other SBA lenders?
Liberty Bay Credit Union has originated 20 SBA loans totaling $2.5M 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 Liberty Bay Credit Union lend in?
Liberty Bay Credit Union provides SBA 7(a) financing with particularly strong presence in MA. 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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