Midflorida CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Midflorida CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 441210 | Recreational Vehicle Dealers | 2 | $935K | $468K | 9.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 1 | $371K | $371K | 4.8% |
| 812990 | All Other Personal Services | 1 | $210K | $210K | 4.8% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $826K | $826K | 4.8% |
| 611511 | Cosmetology and Barber Schools | 1 | $100K | $100K | 4.8% |
| 236118 | Residential Remodelers | 1 | $210K | $210K | 4.8% |
| 423810 | Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers | 1 | $450K | $450K | 4.8% |
| 722511 | Full-Service Restaurants | 1 | $1.0M | $1.0M | 4.8% |
| 532420 | Office Machinery and Equipment Rental and Leasing | 1 | $2.5M | $2.5M | 4.8% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $30K | $30K | 4.8% |
Geographic Distribution
SBA lending activity for Midflorida CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 21 | $12.1M | 100.0% |
Why Choose Midflorida CU?
Based on SBA 7(a) lending track record from 2000-2022
- ✓Proven Track Record: 21 SBA loans approved, totaling $12.1M in financing
- ✓Industry Expertise: Specialized focus on Recreational Vehicle Dealers, Snack and Nonalcoholic Beverage Bars, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 6.32% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $30K to $2.8M, with an average of $576K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 Midflorida CU SBA lending
What types of businesses does Midflorida CU typically finance?
Midflorida CU specializes in SBA 7(a) lending to specific industries including recreational vehicle dealers, snack and nonalcoholic beverage bars, all other personal services, new single-family housing construction (except for-sale builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Midflorida CU's typical SBA loan terms?
Midflorida CU's SBA 7(a) loans typically feature an average interest rate of 6.32% and average term length of 126 months (approximately 11 years). Loan sizes range from $30K to $2.8M, with an average loan size of $576K.
Do I need a business valuation for a Midflorida CU SBA loan?
Yes, Midflorida 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 Midflorida CU compare to other SBA lenders?
Midflorida CU has originated 21 SBA loans totaling $12.1M since 2000. 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 Midflorida CU lend in?
Midflorida CU provides SBA 7(a) financing with particularly strong presence in FL. 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.
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