Omni Community Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Omni Community Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $13.2M | $823K | 16.7% |
| 812199 | Other Personal Care Services | 8 | $1.2M | $153K | 8.3% |
| 722513 | Limited-Service Restaurants | 8 | $2.2M | $275K | 8.3% |
| 115115 | Farm Labor Contractors and Crew Leaders | 8 | $2.8M | $350K | 8.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $2.5M | $310K | 8.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $7.7M | $962K | 8.3% |
| 624410 | Child Day Care Services | 8 | $1.7M | $210K | 8.3% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $2.4M | $300K | 8.3% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $9.3M | $1.2M | 8.3% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $1.1M | $143K | 8.3% |
Geographic Distribution
SBA lending activity for Omni Community Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 96 | $45.2M | 100.0% |
Why Choose Omni Community Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $45.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other Personal Care Services, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 9.83% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $143K to $1.2M, with an average of $471K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Omni Community Credit Union SBA lending
What types of businesses does Omni Community Credit Union typically finance?
Omni Community Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, other personal care services, limited-service restaurants, farm labor contractors and crew leaders. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Omni Community Credit Union's typical SBA loan terms?
Omni Community Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.83% and average term length of 180 months (approximately 15 years). Loan sizes range from $143K to $1.2M, with an average loan size of $471K.
Do I need a business valuation for a Omni Community Credit Union SBA loan?
Yes, Omni Community 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 Omni Community Credit Union compare to other SBA lenders?
Omni Community Credit Union has originated 96 SBA loans totaling $45.2M 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 Omni Community Credit Union lend in?
Omni Community Credit Union provides SBA 7(a) financing with particularly strong presence in MI. 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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