OUR CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by OUR CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 1 | $180K | $180K | 50.0% |
Geographic Distribution
SBA lending activity for OUR CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 2 | $345K | 100.0% |
Why Choose OUR CU?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 2 SBA loans approved, totaling $345K in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 8.00% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $165K to $180K, with an average of $173K
- ✓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 OUR CU SBA lending
What types of businesses does OUR CU typically finance?
OUR CU specializes in SBA 7(a) lending to specific industries including offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are OUR CU's typical SBA loan terms?
OUR CU's SBA 7(a) loans typically feature an average interest rate of 8.00% and average term length of 150 months (approximately 13 years). Loan sizes range from $165K to $180K, with an average loan size of $173K.
Do I need a business valuation for a OUR CU SBA loan?
Yes, OUR CU 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 OUR CU compare to other SBA lenders?
OUR CU has originated 2 SBA loans totaling $345K since 2011. 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 OUR CU lend in?
OUR CU 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?
Certified valuations are often required for SBA loans over $250,000.
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