Local Initiatives Support Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Local Initiatives Support Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327110 | Pottery, Ceramics, and Plumbing Fixture Manufacturing | 1 | $250K | $250K | 8.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $250K | $250K | 8.3% |
| 812112 | Beauty Salons | 1 | $137K | $137K | 8.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 1 | $98K | $98K | 8.3% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $211K | $211K | 8.3% |
| 541410 | Interior Design Services | 1 | $208K | $208K | 8.3% |
| 722511 | Full-Service Restaurants | 1 | $250K | $250K | 8.3% |
| 541219 | Other Accounting Services | 1 | $60K | $60K | 8.3% |
| 524210 | Insurance Agencies and Brokerages | 1 | $70K | $70K | 8.3% |
| 621610 | Home Health Care Services | 1 | $57K | $57K | 8.3% |
Geographic Distribution
SBA lending activity for Local Initiatives Support Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 6 | $893K | 50.0% |
| California (CA) | 2 | $387K | 16.7% |
| Ohio (OH) | 1 | $250K | 8.3% |
| Pennsylvania (PA) | 1 | $114K | 8.3% |
| Arizona (AZ) | 1 | $98K | 8.3% |
| Tennessee (TN) | 1 | $60K | 8.3% |
Why Choose Local Initiatives Support Corporation?
Based on SBA 7(a) lending track record from 2015-2018
- ✓Proven Track Record: 12 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Pottery, Ceramics, and Plumbing Fixture Manufacturing, Drinking Places (Alcoholic Beverages), Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.31% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $57K to $250K, with an average of $150K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in IL, CA, PA
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 Local Initiatives Support Corporation SBA lending
What types of businesses does Local Initiatives Support Corporation typically finance?
Local Initiatives Support Corporation specializes in SBA 7(a) lending to specific industries including pottery, ceramics, and plumbing fixture manufacturing, drinking places (alcoholic beverages), beauty salons, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Local Initiatives Support Corporation's typical SBA loan terms?
Local Initiatives Support Corporation's SBA 7(a) loans typically feature an average interest rate of 7.31% and average term length of 97 months (approximately 8 years). Loan sizes range from $57K to $250K, with an average loan size of $150K.
Do I need a business valuation for a Local Initiatives Support Corporation SBA loan?
Yes, Local Initiatives Support Corporation 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 Local Initiatives Support Corporation compare to other SBA lenders?
Local Initiatives Support Corporation has originated 12 SBA loans totaling $1.8M since 2015. 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 Local Initiatives Support Corporation lend in?
Local Initiatives Support Corporation provides SBA 7(a) financing with particularly strong presence in IL, CA, PA, TN, OH. 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.