Money One FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Money One FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 4 | $2.1M | $532K | 44.4% |
| 812112 | Beauty Salons | 1 | $444K | $444K | 11.1% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $722K | $722K | 11.1% |
Geographic Distribution
SBA lending activity for Money One FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 7 | $6.7M | 77.8% |
| District of Columbia (DC) | 1 | $444K | 11.1% |
| Virginia (VA) | 1 | $200K | 11.1% |
Why Choose Money One FCU?
Based on SBA 7(a) lending track record from 2010-2015
- ✓Proven Track Record: 9 SBA loans approved, totaling $7.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 186 months
- ✓Loan Range: Loan sizes from $200K to $2.0M, with an average of $816K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MD, DC, VA
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 Money One FCU SBA lending
What types of businesses does Money One FCU typically finance?
Money One FCU specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Money One FCU's typical SBA loan terms?
Money One FCU's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 186 months (approximately 16 years). Loan sizes range from $200K to $2.0M, with an average loan size of $816K.
Do I need a business valuation for a Money One FCU SBA loan?
Yes, Money One 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 Money One FCU compare to other SBA lenders?
Money One FCU has originated 9 SBA loans totaling $7.3M since 2010. 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 Money One FCU lend in?
Money One FCU provides SBA 7(a) financing with particularly strong presence in MD, DC, VA. 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.