Mid-Hudson Valley FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mid-Hudson Valley FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 323120 | Support Activities for Printing | 1 | $42K | $42K | 12.5% |
| 812112 | Beauty Salons | 1 | $38K | $38K | 12.5% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $100K | $100K | 12.5% |
| 722513 | Limited-Service Restaurants | 1 | $100K | $100K | 12.5% |
| 722511 | Full-Service Restaurants | 1 | $132K | $132K | 12.5% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $100K | $100K | 12.5% |
| 611710 | Educational Support Services | 1 | $45K | $45K | 12.5% |
Geographic Distribution
SBA lending activity for Mid-Hudson Valley FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 8 | $607K | 100.0% |
Why Choose Mid-Hudson Valley FCU?
Based on SBA 7(a) lending track record from 2004-2014
- ✓Proven Track Record: 8 SBA loans approved, totaling $607K in financing
- ✓Industry Expertise: Specialized focus on Support Activities for Printing, Beauty Salons, Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of 5.32% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $38K to $132K, with an average of $76K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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-Hudson Valley FCU SBA lending
What types of businesses does Mid-Hudson Valley FCU typically finance?
Mid-Hudson Valley FCU specializes in SBA 7(a) lending to specific industries including support activities for printing, beauty salons, pet care (except veterinary) services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mid-Hudson Valley FCU's typical SBA loan terms?
Mid-Hudson Valley FCU's SBA 7(a) loans typically feature an average interest rate of 5.32% and average term length of 79 months (approximately 7 years). Loan sizes range from $38K to $132K, with an average loan size of $76K.
Do I need a business valuation for a Mid-Hudson Valley FCU SBA loan?
Yes, Mid-Hudson Valley 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 Mid-Hudson Valley FCU compare to other SBA lenders?
Mid-Hudson Valley FCU has originated 8 SBA loans totaling $607K since 2004. 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-Hudson Valley FCU lend in?
Mid-Hudson Valley FCU provides SBA 7(a) financing with particularly strong presence in NY. 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.
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