Meijer CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Meijer CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $130K | $130K | 33.3% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $451K | $451K | 33.3% |
| 311812 | Commercial Bakeries | 1 | $391K | $391K | 33.3% |
Geographic Distribution
SBA lending activity for Meijer CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 3 | $972K | 100.0% |
Why Choose Meijer CU?
Based on SBA 7(a) lending track record from 2015-2016
- ✓Proven Track Record: 3 SBA loans approved, totaling $972K in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, All Other Professional, Scientific, and Technical Services, Commercial Bakeries
- ✓Competitive Terms: Average interest rate of 5.00% with flexible term lengths averaging 208 months
- ✓Loan Range: Loan sizes from $130K to $451K, with an average of $324K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Meijer CU SBA lending
What types of businesses does Meijer CU typically finance?
Meijer CU specializes in SBA 7(a) lending to specific industries including child care services, all other professional, scientific, and technical services, commercial bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Meijer CU's typical SBA loan terms?
Meijer CU's SBA 7(a) loans typically feature an average interest rate of 5.00% and average term length of 208 months (approximately 17 years). Loan sizes range from $130K to $451K, with an average loan size of $324K.
Do I need a business valuation for a Meijer CU SBA loan?
Yes, Meijer CU 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 Meijer CU compare to other SBA lenders?
Meijer CU has originated 3 SBA loans totaling $972K 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 Meijer CU lend in?
Meijer CU provides SBA 7(a) financing with particularly strong presence in MI. 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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