Lighthouse Federal Credit Union
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Lighthouse Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 16 | $1.8M | $110K | 12.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $800K | $50K | 12.5% |
| 311710 | Seafood Product Preparation and Packaging | 16 | $1.5M | $93K | 12.5% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $800K | $50K | 12.5% |
| 332710 | Machine Shops | 8 | $1.2M | $151K | 6.3% |
| 713120 | Amusement Arcades | 8 | $1.8M | $225K | 6.3% |
| 238190 | Other Foundation, Structure, and Building Exterior Contractors | 8 | $792K | $99K | 6.3% |
| 445120 | Convenience Stores | 8 | $2.3M | $284K | 6.3% |
| 611430 | Professional and Management Development Training | 8 | $4.0M | $500K | 6.3% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.9M | $234K | 6.3% |
Geographic Distribution
SBA lending activity for Lighthouse Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 112 | $16.7M | 87.5% |
| Maine (ME) | 16 | $1.5M | 12.5% |
Why Choose Lighthouse Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 128 SBA loans approved, totaling $18.2M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Snack and Nonalcoholic Beverage Bars, Seafood Product Preparation and Packaging
- ✓Competitive Terms: Average interest rate of 6.95% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $50K to $500K, with an average of $142K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NH, ME
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 Lighthouse Federal Credit Union SBA lending
What types of businesses does Lighthouse Federal Credit Union typically finance?
Lighthouse Federal Credit Union specializes in SBA 7(a) lending to specific industries including beauty salons, snack and nonalcoholic beverage bars, seafood product preparation and packaging, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lighthouse Federal Credit Union's typical SBA loan terms?
Lighthouse Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.95% and average term length of 102 months (approximately 9 years). Loan sizes range from $50K to $500K, with an average loan size of $142K.
Do I need a business valuation for a Lighthouse Federal Credit Union SBA loan?
Yes, Lighthouse 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 Lighthouse Federal Credit Union compare to other SBA lenders?
Lighthouse Federal Credit Union has originated 128 SBA loans totaling $18.2M 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 Lighthouse Federal Credit Union lend in?
Lighthouse Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NH, ME. 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.