Members 1st FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Members 1st FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $1.5M | $1.5M | 50.0% |
Geographic Distribution
SBA lending activity for Members 1st FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 2 | $1.9M | 100.0% |
Why Choose Members 1st FCU?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 2 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 210 months
- ✓Loan Range: Loan sizes from $350K to $1.5M, with an average of $925K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Members 1st FCU SBA lending
What types of businesses does Members 1st FCU typically finance?
Members 1st FCU specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Members 1st FCU's typical SBA loan terms?
Members 1st FCU's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 210 months (approximately 18 years). Loan sizes range from $350K to $1.5M, with an average loan size of $925K.
Do I need a business valuation for a Members 1st FCU SBA loan?
Yes, Members 1st 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 Members 1st FCU compare to other SBA lenders?
Members 1st FCU has originated 2 SBA loans totaling $1.9M since 2011. 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 Members 1st FCU lend in?
Members 1st FCU provides SBA 7(a) financing with particularly strong presence in PA. 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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