Northwest FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northwest FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812210 | Funeral Homes and Funeral Services | 11 | $27.9M | $2.5M | 14.9% |
| 721110 | Hotels (except Casino Hotels) and Motels | 7 | $18.1M | $2.6M | 9.5% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 5 | $2.7M | $547K | 6.8% |
| 621210 | Offices of Dentists | 4 | $2.8M | $703K | 5.4% |
| 238990 | All Other Specialty Trade Contractors | 3 | $7.5M | $2.5M | 4.1% |
| 812112 | Beauty Salons | 2 | $345K | $173K | 2.7% |
| 722514 | Cafeterias, Grill Buffets, and Buffets | 2 | $1.1M | $530K | 2.7% |
| 623110 | Nursing Care Facilities (Skilled Nursing Facilities) | 2 | $4.9M | $2.4M | 2.7% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 2 | $2.3M | $1.1M | 2.7% |
| 623312 | Assisted Living Facilities for the Elderly | 2 | $2.8M | $1.4M | 2.7% |
Geographic Distribution
SBA lending activity for Northwest FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 7 | $12.9M | 9.5% |
| Florida (FL) | 6 | $11.1M | 8.1% |
| California (CA) | 4 | $9.8M | 5.4% |
| Virginia (VA) | 12 | $9.6M | 16.2% |
| New Jersey (NJ) | 5 | $8.1M | 6.8% |
| North Carolina (NC) | 4 | $7.2M | 5.4% |
| Michigan (MI) | 3 | $6.0M | 4.1% |
| Arizona (AZ) | 5 | $6.0M | 6.8% |
| Ohio (OH) | 2 | $5.5M | 2.7% |
| South Carolina (SC) | 7 | $5.5M | 9.5% |
| Hawaii (HI) | 2 | $5.0M | 2.7% |
| Alaska (AK) | 2 | $5.0M | 2.7% |
| New York (NY) | 4 | $3.7M | 5.4% |
| Kansas (KS) | 1 | $2.2M | 1.4% |
| Pennsylvania (PA) | 2 | $1.9M | 2.7% |
| Illinois (IL) | 1 | $1.7M | 1.4% |
| Delaware (DE) | 1 | $1.1M | 1.4% |
| Georgia (GA) | 1 | $1.1M | 1.4% |
| Kentucky (KY) | 1 | $875K | 1.4% |
| Colorado (CO) | 1 | $750K | 1.4% |
| West Virginia (WV) | 2 | $665K | 2.7% |
| Maryland (MD) | 1 | $500K | 1.4% |
Why Choose Northwest FCU?
Based on SBA 7(a) lending track record from 2014-2022
- ✓Proven Track Record: 74 SBA loans approved, totaling $106.1M in financing
- ✓Industry Expertise: Specialized focus on Funeral Homes and Funeral Services, Hotels (except Casino Hotels) and Motels, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 5.63% with flexible term lengths averaging 206 months
- ✓Loan Range: Loan sizes from $62K to $5.0M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 22 states, with strong presence in VA, TX, SC
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 Northwest FCU SBA lending
What types of businesses does Northwest FCU typically finance?
Northwest FCU specializes in SBA 7(a) lending to specific industries including funeral homes and funeral services, hotels (except casino hotels) and motels, offices of physicians (except mental health specialists), offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northwest FCU's typical SBA loan terms?
Northwest FCU's SBA 7(a) loans typically feature an average interest rate of 5.63% and average term length of 206 months (approximately 17 years). Loan sizes range from $62K to $5.0M, with an average loan size of $1.4M.
Do I need a business valuation for a Northwest FCU SBA loan?
Yes, Northwest 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 Northwest FCU compare to other SBA lenders?
Northwest FCU has originated 74 SBA loans totaling $106.1M 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 Northwest FCU lend in?
Northwest FCU provides SBA 7(a) financing with particularly strong presence in VA, TX, SC, FL, AZ. 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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