Mid-Atlantic Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mid-Atlantic Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $800K | $267K | 6.7% |
| 811192 | Car Washes | 3 | $5.1M | $1.7M | 6.7% |
| 541512 | Computer Systems Design Services | 3 | $700K | $233K | 6.7% |
| 238330 | Flooring Contractors | 2 | $360K | $180K | 4.4% |
| 522320 | Financial Transactions Processing, Reserve, and Clearinghouse Activities | 2 | $1.1M | $525K | 4.4% |
| 621610 | Home Health Care Services | 2 | $342K | $171K | 4.4% |
| 423610 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 1 | $200K | $200K | 2.2% |
| 339950 | Sign Manufacturing | 1 | $161K | $161K | 2.2% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $855K | $855K | 2.2% |
| 484210 | Used Household and Office Goods Moving | 1 | $488K | $488K | 2.2% |
Geographic Distribution
SBA lending activity for Mid-Atlantic Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 32 | $16.0M | 71.1% |
| Virginia (VA) | 11 | $6.7M | 24.4% |
| Pennsylvania (PA) | 1 | $2.4M | 2.2% |
| District of Columbia (DC) | 1 | $260K | 2.2% |
Why Choose Mid-Atlantic Federal Credit Union?
Based on SBA 7(a) lending track record from 2008-2025
- ✓Proven Track Record: 45 SBA loans approved, totaling $25.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Car Washes, Computer Systems Design Services
- ✓Competitive Terms: Average interest rate of 6.03% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $50K to $2.4M, with an average of $563K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MD, VA, PA
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 Mid-Atlantic Federal Credit Union SBA lending
What types of businesses does Mid-Atlantic Federal Credit Union typically finance?
Mid-Atlantic Federal Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, car washes, computer systems design services, flooring contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mid-Atlantic Federal Credit Union's typical SBA loan terms?
Mid-Atlantic Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.03% and average term length of 125 months (approximately 10 years). Loan sizes range from $50K to $2.4M, with an average loan size of $563K.
Do I need a business valuation for a Mid-Atlantic Federal Credit Union SBA loan?
Yes, Mid-Atlantic 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 Mid-Atlantic Federal Credit Union compare to other SBA lenders?
Mid-Atlantic Federal Credit Union has originated 45 SBA loans totaling $25.4M 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 Mid-Atlantic Federal Credit Union lend in?
Mid-Atlantic Federal Credit Union provides SBA 7(a) financing with particularly strong presence in MD, VA, PA, DC. 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.