Metro Community Development, Inc.
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Metro Community Development, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $800K | $100K | 11.1% |
| 722511 | Full-Service Restaurants | 8 | $2.0M | $250K | 11.1% |
| 221117 | Biomass Electric Power Generation | 8 | $2.8M | $350K | 11.1% |
| 541613 | Marketing Consulting Services | 8 | $1.1M | $140K | 11.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $800K | $100K | 11.1% |
| 624410 | Child Day Care Services | 8 | $1.2M | $150K | 11.1% |
| 238910 | Site Preparation Contractors | 8 | $2.0M | $250K | 11.1% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $2.8M | $350K | 11.1% |
| 561990 | All Other Support Services | 8 | $1.2M | $147K | 11.1% |
Geographic Distribution
SBA lending activity for Metro Community Development, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 72 | $14.7M | 100.0% |
Why Choose Metro Community Development, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $14.7M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Biomass Electric Power Generation
- ✓Competitive Terms: Average interest rate of 8.28% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $100K to $350K, with an average of $204K
- ✓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 Metro Community Development, Inc. SBA lending
What types of businesses does Metro Community Development, Inc. typically finance?
Metro Community Development, Inc. specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, biomass electric power generation, marketing consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Metro Community Development, Inc.'s typical SBA loan terms?
Metro Community Development, Inc.'s SBA 7(a) loans typically feature an average interest rate of 8.28% and average term length of 110 months (approximately 9 years). Loan sizes range from $100K to $350K, with an average loan size of $204K.
Do I need a business valuation for a Metro Community Development, Inc. SBA loan?
Yes, Metro Community Development, Inc. 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 Metro Community Development, Inc. compare to other SBA lenders?
Metro Community Development, Inc. has originated 72 SBA loans totaling $14.7M 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 Metro Community Development, Inc. lend in?
Metro Community Development, Inc. 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
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