Meridian Trust FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Meridian Trust FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623312 | Assisted Living Facilities for the Elderly | 1 | $485K | $485K | 100.0% |
Geographic Distribution
SBA lending activity for Meridian Trust FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wyoming (WY) | 1 | $485K | 100.0% |
Why Choose Meridian Trust FCU?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 1 SBA loans approved, totaling $485K in financing
- ✓Industry Expertise: Specialized focus on Assisted Living Facilities for the Elderly
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 300 months
- ✓Loan Range: Loan sizes from $485K to $485K, with an average of $485K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WY
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 Meridian Trust FCU SBA lending
What types of businesses does Meridian Trust FCU typically finance?
Meridian Trust FCU specializes in SBA 7(a) lending to specific industries including assisted living facilities for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Meridian Trust FCU's typical SBA loan terms?
Meridian Trust FCU's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 300 months (approximately 25 years). Loan sizes range from $485K to $485K, with an average loan size of $485K.
Do I need a business valuation for a Meridian Trust FCU SBA loan?
Yes, Meridian Trust 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 Meridian Trust FCU compare to other SBA lenders?
Meridian Trust FCU has originated 1 SBA loans totaling $485K 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 Meridian Trust FCU lend in?
Meridian Trust FCU provides SBA 7(a) financing with particularly strong presence in WY. 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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