McCoy FCU
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by McCoy FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $5.6M | $350K | 22.2% |
| 722513 | Limited-Service Restaurants | 8 | $1.2M | $150K | 11.1% |
| 561730 | Landscaping Services | 8 | $800K | $100K | 11.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $3.8M | $480K | 11.1% |
| 611519 | Other Technical and Trade Schools | 8 | $960K | $120K | 11.1% |
| 541511 | Custom Computer Programming Services | 8 | $640K | $80K | 11.1% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $1.2M | $145K | 11.1% |
| 512290 | Other Sound Recording Industries | 8 | $2.1M | $265K | 11.1% |
Geographic Distribution
SBA lending activity for McCoy FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 72 | $16.3M | 100.0% |
Why Choose McCoy FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $16.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physical, Occupational and Speech Therapists, and Audiologi, Limited-Service Restaurants, Landscaping Services
- ✓Competitive Terms: Average interest rate of 8.03% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $80K to $550K, with an average of $227K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 McCoy FCU SBA lending
What types of businesses does McCoy FCU typically finance?
McCoy FCU specializes in SBA 7(a) lending to specific industries including offices of physical, occupational and speech therapists, and audiologi, limited-service restaurants, landscaping services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are McCoy FCU's typical SBA loan terms?
McCoy FCU's SBA 7(a) loans typically feature an average interest rate of 8.03% and average term length of 156 months (approximately 13 years). Loan sizes range from $80K to $550K, with an average loan size of $227K.
Do I need a business valuation for a McCoy FCU SBA loan?
Yes, McCoy 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 McCoy FCU compare to other SBA lenders?
McCoy FCU has originated 72 SBA loans totaling $16.3M 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 McCoy FCU lend in?
McCoy FCU provides SBA 7(a) financing with particularly strong presence in FL. 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.
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