Navy FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Navy FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 7 | $819K | $117K | 6.9% |
| 722513 | Limited-Service Restaurants | 4 | $978K | $245K | 3.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 3 | $494K | $165K | 2.9% |
| 812990 | All Other Personal Services | 3 | $400K | $133K | 2.9% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | $160K | $80K | 2.0% |
| 487210 | Scenic and Sightseeing Transportation, Water | 2 | $1.0M | $522K | 2.0% |
| 722511 | Full-Service Restaurants | 2 | $569K | $285K | 2.0% |
| 312120 | Breweries | 2 | $1.1M | $550K | 2.0% |
| 722330 | Mobile Food Services | 2 | $187K | $93K | 2.0% |
| 811111 | General Automotive Repair | 2 | $151K | $76K | 2.0% |
Geographic Distribution
SBA lending activity for Navy FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 36 | $7.9M | 35.3% |
| Florida (FL) | 13 | $1.6M | 12.7% |
| California (CA) | 8 | $1.2M | 7.8% |
| Georgia (GA) | 5 | $1.1M | 4.9% |
| North Carolina (NC) | 6 | $1.0M | 5.9% |
| Texas (TX) | 7 | $799K | 6.9% |
| District of Columbia (DC) | 2 | $750K | 2.0% |
| Washington (WA) | 4 | $718K | 3.9% |
| Pennsylvania (PA) | 4 | $700K | 3.9% |
| Maryland (MD) | 6 | $693K | 5.9% |
| Tennessee (TN) | 1 | $176K | 1.0% |
| Nevada (NV) | 1 | $166K | 1.0% |
| Connecticut (CT) | 1 | $160K | 1.0% |
| New Jersey (NJ) | 1 | $150K | 1.0% |
| Hawaii (HI) | 1 | $148K | 1.0% |
| Nebraska (NE) | 1 | $100K | 1.0% |
| Michigan (MI) | 1 | $80K | 1.0% |
| Colorado (CO) | 1 | $66K | 1.0% |
| Minnesota (MN) | 1 | $65K | 1.0% |
| Arizona (AZ) | 1 | $50K | 1.0% |
| West Virginia (WV) | 1 | $45K | 1.0% |
Why Choose Navy FCU?
Based on SBA 7(a) lending track record from 2009-2021
- ✓Proven Track Record: 102 SBA loans approved, totaling $17.6M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Limited-Service Restaurants, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 7.02% with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $36K to $895K, with an average of $173K
- ✓Nationwide Reach: Active lending in 21 states, with strong presence in VA, FL, CA
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 Navy FCU SBA lending
What types of businesses does Navy FCU typically finance?
Navy FCU specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, limited-service restaurants, coin-operated laundries and drycleaners, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Navy FCU's typical SBA loan terms?
Navy FCU's SBA 7(a) loans typically feature an average interest rate of 7.02% and average term length of 93 months (approximately 8 years). Loan sizes range from $36K to $895K, with an average loan size of $173K.
Do I need a business valuation for a Navy FCU SBA loan?
Yes, Navy 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 Navy FCU compare to other SBA lenders?
Navy FCU has originated 102 SBA loans totaling $17.6M 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 Navy FCU lend in?
Navy FCU provides SBA 7(a) financing with particularly strong presence in VA, FL, CA, TX, MD. 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.
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