New York University Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by New York University Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711320 | Promoters of Performing Arts, Sports, and Similar Events without Facilities | 1 | $50K | $50K | 33.3% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $20K | $20K | 33.3% |
Geographic Distribution
SBA lending activity for New York University Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 3 | $95K | 100.0% |
Why Choose New York University Federal Credit Union?
Based on SBA 7(a) lending track record from 2014-2016
- ✓Proven Track Record: 3 SBA loans approved, totaling $95K in financing
- ✓Industry Expertise: Specialized focus on Promoters of Performing Arts, Sports, and Similar Events without Facilities, Offices of Mental Health Practitioners (except Physicians)
- ✓Competitive Terms: Average interest rate of 7.95% with flexible term lengths averaging 63 months
- ✓Loan Range: Loan sizes from $20K to $50K, with an average of $32K
- ✓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 New York University Federal Credit Union SBA lending
What types of businesses does New York University Federal Credit Union typically finance?
New York University Federal Credit Union specializes in SBA 7(a) lending to specific industries including promoters of performing arts, sports, and similar events without facilities, offices of mental health practitioners (except physicians). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are New York University Federal Credit Union's typical SBA loan terms?
New York University Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 7.95% and average term length of 63 months (approximately 5 years). Loan sizes range from $20K to $50K, with an average loan size of $32K.
Do I need a business valuation for a New York University Federal Credit Union SBA loan?
Yes, New York University 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 New York University Federal Credit Union compare to other SBA lenders?
New York University Federal Credit Union has originated 3 SBA loans totaling $95K since 2014. 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 New York University Federal Credit Union lend in?
New York University 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?
Certified valuations are often required for SBA loans over $250,000.
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