Liberty Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Liberty Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611511 | Cosmetology and Barber Schools | 1 | $310K | $310K | 33.3% |
| 484110 | General Freight Trucking, Local | 1 | $95K | $95K | 33.3% |
Geographic Distribution
SBA lending activity for Liberty Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 2 | $582K | 66.7% |
| Illinois (IL) | 1 | $95K | 33.3% |
Why Choose Liberty Federal Credit Union?
Based on SBA 7(a) lending track record from 2011-2014
- ✓Proven Track Record: 3 SBA loans approved, totaling $677K in financing
- ✓Industry Expertise: Specialized focus on Cosmetology and Barber Schools, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $95K to $310K, with an average of $226K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IN, IL
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 Federal Credit Union SBA lending
What types of businesses does Liberty Federal Credit Union typically finance?
Liberty Federal Credit Union specializes in SBA 7(a) lending to specific industries including cosmetology and barber schools, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Liberty Federal Credit Union's typical SBA loan terms?
Liberty Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 90 months (approximately 8 years). Loan sizes range from $95K to $310K, with an average loan size of $226K.
Do I need a business valuation for a Liberty Federal Credit Union SBA loan?
Yes, Liberty 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 Liberty Federal Credit Union compare to other SBA lenders?
Liberty Federal Credit Union has originated 3 SBA loans totaling $677K 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 Federal Credit Union lend in?
Liberty Federal Credit Union provides SBA 7(a) financing with particularly strong presence in IN, IL. 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.