Lower East Side People's Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lower East Side People's Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 11 | $357K | $32K | 9.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | $415K | $83K | 4.1% |
| 722511 | Full-Service Restaurants | 4 | $294K | $74K | 3.3% |
| 624410 | Child Care Services | 4 | $69K | $17K | 3.3% |
| 611699 | All Other Miscellaneous Schools and Instruction | 3 | $90K | $30K | 2.5% |
| 485310 | Taxi and Ridesharing Services | 3 | $30K | $10K | 2.5% |
| 541213 | Tax Preparation Services | 3 | $45K | $15K | 2.5% |
| 238330 | Flooring Contractors | 2 | $42K | $21K | 1.7% |
| 722330 | Mobile Food Services | 2 | $200K | $100K | 1.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $200K | $100K | 1.7% |
Geographic Distribution
SBA lending activity for Lower East Side People's Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 119 | $5.4M | 98.3% |
| New Jersey (NJ) | 2 | $37K | 1.7% |
Why Choose Lower East Side People's Federal Credit Union?
Based on SBA 7(a) lending track record from 2009-2025
- ✓Proven Track Record: 121 SBA loans approved, totaling $5.4M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Supermarkets and Other Grocery Retailers (except Convenience Retailers), Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.26% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $5K to $250K, with an average of $45K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, NJ
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 Lower East Side People's Federal Credit Union SBA lending
What types of businesses does Lower East Side People's Federal Credit Union typically finance?
Lower East Side People's Federal Credit Union specializes in SBA 7(a) lending to specific industries including beauty salons, supermarkets and other grocery retailers (except convenience retailers), full-service restaurants, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lower East Side People's Federal Credit Union's typical SBA loan terms?
Lower East Side People's Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 8.26% and average term length of 60 months (approximately 5 years). Loan sizes range from $5K to $250K, with an average loan size of $45K.
Do I need a business valuation for a Lower East Side People's Federal Credit Union SBA loan?
Yes, Lower East Side People's 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 Lower East Side People's Federal Credit Union compare to other SBA lenders?
Lower East Side People's Federal Credit Union has originated 121 SBA loans totaling $5.4M since 2009. 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 Lower East Side People's Federal Credit Union lend in?
Lower East Side People's Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NY, NJ. 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.