Neighborhood Trust Federal Credit Union
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Neighborhood Trust Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561720 | Janitorial Services | 40 | $456K | $11K | 26.3% |
| 812112 | Beauty Salons | 24 | $256K | $11K | 15.8% |
| 541213 | Tax Preparation Services | 24 | $360K | $15K | 15.8% |
| 541219 | Other Accounting Services | 8 | $120K | $15K | 5.3% |
| 541199 | All Other Legal Services | 8 | $120K | $15K | 5.3% |
| 722320 | Caterers | 8 | $1.6M | $200K | 5.3% |
| 531210 | Offices of Real Estate Agents and Brokers | 8 | $200K | $25K | 5.3% |
| 624190 | Other Individual and Family Services | 8 | $80K | $10K | 5.3% |
| 621112 | Offices of Physicians, Mental Health Specialists | 8 | $120K | $15K | 5.3% |
| 493130 | Farm Product Warehousing and Storage | 8 | $60K | $8K | 5.3% |
Geographic Distribution
SBA lending activity for Neighborhood Trust Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 152 | $3.5M | 100.0% |
Why Choose Neighborhood Trust Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 152 SBA loans approved, totaling $3.5M in financing
- ✓Industry Expertise: Specialized focus on Janitorial Services, Beauty Salons, Tax Preparation Services
- ✓Competitive Terms: Average interest rate of 9.86% with flexible term lengths averaging 47 months
- ✓Loan Range: Loan sizes from $5K to $200K, with an average of $23K
- ✓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 Neighborhood Trust Federal Credit Union SBA lending
What types of businesses does Neighborhood Trust Federal Credit Union typically finance?
Neighborhood Trust Federal Credit Union specializes in SBA 7(a) lending to specific industries including janitorial services, beauty salons, tax preparation services, other accounting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Neighborhood Trust Federal Credit Union's typical SBA loan terms?
Neighborhood Trust Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.86% and average term length of 47 months (approximately 4 years). Loan sizes range from $5K to $200K, with an average loan size of $23K.
Do I need a business valuation for a Neighborhood Trust Federal Credit Union SBA loan?
Yes, Neighborhood Trust 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 Neighborhood Trust Federal Credit Union compare to other SBA lenders?
Neighborhood Trust Federal Credit Union has originated 152 SBA loans totaling $3.5M since 2020. 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 Neighborhood Trust Federal Credit Union lend in?
Neighborhood Trust Federal Credit Union 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.