Michigan State University Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Michigan State University Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 458110 | Other | 24 | $4.2M | $173K | 13.0% |
| 713120 | Amusement Arcades | 16 | $8.4M | $526K | 8.7% |
| 451211 | Book Stores | 8 | $2.6M | $325K | 4.3% |
| 722511 | Full-Service Restaurants | 8 | $3.5M | $441K | 4.3% |
| 311812 | Commercial Bakeries | 8 | $1.6M | $200K | 4.3% |
| 621610 | Home Health Care Services | 8 | $1.4M | $174K | 4.3% |
| 459210 | Other | 8 | $1.9M | $234K | 4.3% |
| 455219 | Other | 8 | $3.0M | $370K | 4.3% |
| 453910 | Pet and Pet Supplies Stores | 8 | $2.7M | $340K | 4.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $400K | $50K | 4.3% |
Geographic Distribution
SBA lending activity for Michigan State University Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 184 | $44.3M | 100.0% |
Why Choose Michigan State University Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 184 SBA loans approved, totaling $44.3M in financing
- ✓Industry Expertise: Specialized focus on Other, Amusement Arcades, Book Stores
- ✓Competitive Terms: Average interest rate of 8.54% with flexible term lengths averaging 148 months
- ✓Loan Range: Loan sizes from $32K to $558K, with an average of $241K
- ✓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 Michigan State University Federal Credit Union SBA lending
What types of businesses does Michigan State University Federal Credit Union typically finance?
Michigan State University Federal Credit Union specializes in SBA 7(a) lending to specific industries including other, amusement arcades, book stores, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Michigan State University Federal Credit Union's typical SBA loan terms?
Michigan State University Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 8.54% and average term length of 148 months (approximately 12 years). Loan sizes range from $32K to $558K, with an average loan size of $241K.
Do I need a business valuation for a Michigan State University Federal Credit Union SBA loan?
Yes, Michigan State University Federal 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 Michigan State University Federal Credit Union compare to other SBA lenders?
Michigan State University Federal Credit Union has originated 184 SBA loans totaling $44.3M 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 Michigan State University Federal Credit Union lend in?
Michigan State University Federal Credit Union 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
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?
Professional valuations are often required for SBA loans over $250,000.
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