Nymeo FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Nymeo FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541370 | Surveying and Mapping (except Geophysical) Services | 8 | $130K | $16K | 100.0% |
Geographic Distribution
SBA lending activity for Nymeo FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 8 | $130K | 100.0% |
Why Choose Nymeo FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $130K in financing
- ✓Industry Expertise: Specialized focus on Surveying and Mapping (except Geophysical) Services
- ✓Competitive Terms: Average interest rate of 9.75% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $16K to $16K, with an average of $16K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
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 Nymeo FCU SBA lending
What types of businesses does Nymeo FCU typically finance?
Nymeo FCU specializes in SBA 7(a) lending to specific industries including surveying and mapping (except geophysical) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Nymeo FCU's typical SBA loan terms?
Nymeo FCU's SBA 7(a) loans typically feature an average interest rate of 9.75% and average term length of 84 months (approximately 7 years). Loan sizes range from $16K to $16K, with an average loan size of $16K.
Do I need a business valuation for a Nymeo FCU SBA loan?
Yes, Nymeo 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 Nymeo FCU compare to other SBA lenders?
Nymeo FCU has originated 8 SBA loans totaling $130K 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 Nymeo FCU lend in?
Nymeo FCU provides SBA 7(a) financing with particularly strong presence in 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.
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.
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