NuMark Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by NuMark Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $720K | $720K | 10.0% |
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $910K | $910K | 10.0% |
Geographic Distribution
SBA lending activity for NuMark Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 10 | $4.5M | 100.0% |
Why Choose NuMark Credit Union?
Based on SBA 7(a) lending track record from 1992-2002
- ✓Proven Track Record: 10 SBA loans approved, totaling $4.5M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Fabricated Structural Metal Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $20K to $1.0M, with an average of $447K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 NuMark Credit Union SBA lending
What types of businesses does NuMark Credit Union typically finance?
NuMark Credit Union specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), fabricated structural metal manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are NuMark Credit Union's typical SBA loan terms?
NuMark Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 138 months (approximately 12 years). Loan sizes range from $20K to $1.0M, with an average loan size of $447K.
Do I need a business valuation for a NuMark Credit Union SBA loan?
Yes, NuMark 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 NuMark Credit Union compare to other SBA lenders?
NuMark Credit Union has originated 10 SBA loans totaling $4.5M since 1992. 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 NuMark Credit Union lend in?
NuMark Credit Union provides SBA 7(a) financing with particularly strong presence in IL. 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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