MidWest America Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by MidWest America Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332919 | Other Metal Valve and Pipe Fitting Manufacturing | 2 | $700K | $350K | 20.0% |
| 561730 | Landscaping Services | 1 | $70K | $70K | 10.0% |
| 332710 | Machine Shops | 1 | $1.8M | $1.8M | 10.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $801K | $801K | 10.0% |
| 524210 | Insurance Agencies and Brokerages | 1 | $75K | $75K | 10.0% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 1 | $269K | $269K | 10.0% |
| 541519 | Other Computer Related Services | 1 | $333K | $333K | 10.0% |
| 621310 | Offices of Chiropractors | 1 | $81K | $81K | 10.0% |
Geographic Distribution
SBA lending activity for MidWest America Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 10 | $4.4M | 100.0% |
Why Choose MidWest America Federal Credit Union?
Based on SBA 7(a) lending track record from 2009-2017
- ✓Proven Track Record: 10 SBA loans approved, totaling $4.4M in financing
- ✓Industry Expertise: Specialized focus on Other Metal Valve and Pipe Fitting Manufacturing, Landscaping Services, Machine Shops
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $70K to $1.8M, with an average of $439K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 MidWest America Federal Credit Union SBA lending
What types of businesses does MidWest America Federal Credit Union typically finance?
MidWest America Federal Credit Union specializes in SBA 7(a) lending to specific industries including other metal valve and pipe fitting manufacturing, landscaping services, machine shops, lessors of nonresidential buildings (except miniwarehouses). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are MidWest America Federal Credit Union's typical SBA loan terms?
MidWest America Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 120 months (approximately 10 years). Loan sizes range from $70K to $1.8M, with an average loan size of $439K.
Do I need a business valuation for a MidWest America Federal Credit Union SBA loan?
Yes, MidWest America 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 MidWest America Federal Credit Union compare to other SBA lenders?
MidWest America Federal Credit Union has originated 10 SBA loans totaling $4.4M since 2009. 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 MidWest America Federal Credit Union lend in?
MidWest America Federal Credit Union provides SBA 7(a) financing with particularly strong presence in IN. 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.