Metro CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Metro CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541990 | All Other Professional, Scientific, and Technical Services | 2 | $175K | $88K | 3.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $152K | $76K | 3.8% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $65K | $33K | 3.8% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | $350K | $175K | 3.8% |
| 424410 | General Line Grocery Merchant Wholesalers | 2 | $100K | $50K | 3.8% |
| 238350 | Finish Carpentry Contractors | 2 | $100K | $50K | 3.8% |
| 812112 | Beauty Salons | 2 | $60K | $30K | 3.8% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $650K | $325K | 3.8% |
| 541690 | Other Scientific and Technical Consulting Services | 2 | $315K | $158K | 3.8% |
| 811111 | General Automotive Repair | 2 | $43K | $22K | 3.8% |
Geographic Distribution
SBA lending activity for Metro CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 51 | $5.7M | 98.1% |
| Rhode Island (RI) | 1 | $190K | 1.9% |
Why Choose Metro CU?
Based on SBA 7(a) lending track record from 2006-2016
- ✓Proven Track Record: 52 SBA loans approved, totaling $5.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Professional, Scientific, and Technical Services, Offices of Physicians (except Mental Health Specialists), New Single-Family Housing Construction (except For-Sale Builders)
- ✓Competitive Terms: Average interest rate of 5.27% with flexible term lengths averaging 71 months
- ✓Loan Range: Loan sizes from $10K to $350K, with an average of $112K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, RI
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 CU SBA lending
What types of businesses does Metro CU typically finance?
Metro CU specializes in SBA 7(a) lending to specific industries including all other professional, scientific, and technical services, offices of physicians (except mental health specialists), new single-family housing construction (except for-sale builders), other miscellaneous nondurable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Metro CU's typical SBA loan terms?
Metro CU's SBA 7(a) loans typically feature an average interest rate of 5.27% and average term length of 71 months (approximately 6 years). Loan sizes range from $10K to $350K, with an average loan size of $112K.
Do I need a business valuation for a Metro CU SBA loan?
Yes, Metro CU 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 CU compare to other SBA lenders?
Metro CU has originated 52 SBA loans totaling $5.8M since 2006. 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 CU lend in?
Metro CU provides SBA 7(a) financing with particularly strong presence in MA, RI. 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.
Get your certified valuation from Fair Market Value.