L&N FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by L&N FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $400K | $400K | 25.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $866K | $866K | 25.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $100K | $100K | 25.0% |
Geographic Distribution
SBA lending activity for L&N FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 4 | $1.6M | 100.0% |
Why Choose L&N FCU?
Based on SBA 7(a) lending track record from 2010-2012
- ✓Proven Track Record: 4 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Other Miscellaneous Nondurable Goods Merchant Wholesalers, Lessors of Nonresidential Buildings (except Miniwarehouses), Offices of Physical, Occupational and Speech Therapists, and Audiologists
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $100K to $866K, with an average of $391K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 L&N FCU SBA lending
What types of businesses does L&N FCU typically finance?
L&N FCU specializes in SBA 7(a) lending to specific industries including other miscellaneous nondurable goods merchant wholesalers, lessors of nonresidential buildings (except miniwarehouses), offices of physical, occupational and speech therapists, and audiologists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are L&N FCU's typical SBA loan terms?
L&N FCU's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 132 months (approximately 11 years). Loan sizes range from $100K to $866K, with an average loan size of $391K.
Do I need a business valuation for a L&N FCU SBA loan?
Yes, L&N FCU 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 L&N FCU compare to other SBA lenders?
L&N FCU has originated 4 SBA loans totaling $1.6M since 2010. 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 L&N FCU lend in?
L&N FCU provides SBA 7(a) financing with particularly strong presence in KY. 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?
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