Logix Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Logix Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $378K | $189K | 6.9% |
| 424410 | General Line Grocery Merchant Wholesalers | 1 | $250K | $250K | 3.4% |
| 238990 | All Other Specialty Trade Contractors | 1 | $75K | $75K | 3.4% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 1 | $300K | $300K | 3.4% |
| 238320 | Painting and Wall Covering Contractors | 1 | $125K | $125K | 3.4% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $300K | $300K | 3.4% |
| 812112 | Beauty Salons | 1 | $464K | $464K | 3.4% |
| 624410 | Child Care Services | 1 | $185K | $185K | 3.4% |
| 621512 | Diagnostic Imaging Centers | 1 | $749K | $749K | 3.4% |
| 621210 | Offices of Dentists | 1 | $205K | $205K | 3.4% |
Geographic Distribution
SBA lending activity for Logix Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 28 | $6.7M | 96.6% |
| New Hampshire (NH) | 1 | $75K | 3.4% |
Why Choose Logix Federal Credit Union?
Based on SBA 7(a) lending track record from 2006-2008
- ✓Proven Track Record: 29 SBA loans approved, totaling $6.7M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), General Line Grocery Merchant Wholesalers, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $25K to $1.3M, with an average of $232K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, NH
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 Logix Federal Credit Union SBA lending
What types of businesses does Logix Federal Credit Union typically finance?
Logix Federal Credit Union specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), general line grocery merchant wholesalers, all other specialty trade contractors, other grocery and related products merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Logix Federal Credit Union's typical SBA loan terms?
Logix Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 106 months (approximately 9 years). Loan sizes range from $25K to $1.3M, with an average loan size of $232K.
Do I need a business valuation for a Logix Federal Credit Union SBA loan?
Yes, Logix 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 Logix Federal Credit Union compare to other SBA lenders?
Logix Federal Credit Union has originated 29 SBA loans totaling $6.7M since 2006. 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 Logix Federal Credit Union lend in?
Logix Federal Credit Union provides SBA 7(a) financing with particularly strong presence in CA, NH. 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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