Members Heritage Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Members Heritage Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $135K | $135K | 100.0% |
Geographic Distribution
SBA lending activity for Members Heritage Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 1 | $135K | 100.0% |
Why Choose Members Heritage Credit Union?
Based on SBA 7(a) lending track record from 2008-2008
- ✓Proven Track Record: 1 SBA loans approved, totaling $135K in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 300 months
- ✓Loan Range: Loan sizes from $135K to $135K, with an average of $135K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Heritage Credit Union SBA lending
What types of businesses does Members Heritage Credit Union typically finance?
Members Heritage Credit Union specializes in SBA 7(a) lending to specific industries including beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Members Heritage Credit Union's typical SBA loan terms?
Members Heritage Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 300 months (approximately 25 years). Loan sizes range from $135K to $135K, with an average loan size of $135K.
Do I need a business valuation for a Members Heritage Credit Union SBA loan?
Yes, Members Heritage 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 Heritage Credit Union compare to other SBA lenders?
Members Heritage Credit Union has originated 1 SBA loans totaling $135K since 2008. 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 Heritage Credit Union lend in?
Members Heritage Credit Union provides SBA 7(a) financing with particularly strong presence in KY. 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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