Members Cooperative Credit Union
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Members Cooperative Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 32 | $3.7M | $115K | 8.0% |
| 484110 | General Freight Trucking, Local | 32 | $2.7M | $83K | 8.0% |
| 722511 | Full-Service Restaurants | 24 | $5.7M | $236K | 6.0% |
| 488410 | Motor Vehicle Towing | 24 | $2.6M | $107K | 6.0% |
| 448190 | Other Clothing Stores | 24 | $1.7M | $71K | 6.0% |
| 811111 | General Automotive Repair | 16 | $5.7M | $359K | 4.0% |
| 621420 | Outpatient Mental Health and Substance Abuse Centers | 16 | $400K | $25K | 4.0% |
| 541430 | Graphic Design Services | 16 | $1.6M | $100K | 4.0% |
| 812199 | Other Personal Care Services | 16 | $3.3M | $204K | 4.0% |
| 332813 | Electroplating, Plating, Polishing, Anodizing, and Coloring | 16 | $670K | $42K | 4.0% |
Geographic Distribution
SBA lending activity for Members Cooperative Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 400 | $84.7M | 100.0% |
Why Choose Members Cooperative Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 400 SBA loans approved, totaling $84.7M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, General Freight Trucking, Local, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.50% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $20K to $2.2M, with an average of $212K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Cooperative Credit Union SBA lending
What types of businesses does Members Cooperative Credit Union typically finance?
Members Cooperative Credit Union specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, general freight trucking, local, full-service restaurants, motor vehicle towing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Members Cooperative Credit Union's typical SBA loan terms?
Members Cooperative Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.50% and average term length of 135 months (approximately 11 years). Loan sizes range from $20K to $2.2M, with an average loan size of $212K.
Do I need a business valuation for a Members Cooperative Credit Union SBA loan?
Yes, Members Cooperative 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 Members Cooperative Credit Union compare to other SBA lenders?
Members Cooperative Credit Union has originated 400 SBA loans totaling $84.7M 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 Members Cooperative Credit Union lend in?
Members Cooperative Credit Union provides SBA 7(a) financing with particularly strong presence in MN. 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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