Palmetto Citizens FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Palmetto Citizens FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 1 | $74K | $74K | 100.0% |
Geographic Distribution
SBA lending activity for Palmetto Citizens FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 1 | $74K | 100.0% |
Why Choose Palmetto Citizens FCU?
Based on SBA 7(a) lending track record from 2012-2012
- ✓Proven Track Record: 1 SBA loans approved, totaling $74K in financing
- ✓Industry Expertise: Specialized focus on Automobile and Other Motor Vehicle Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 7.63% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $74K to $74K, with an average of $74K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Palmetto Citizens FCU SBA lending
What types of businesses does Palmetto Citizens FCU typically finance?
Palmetto Citizens FCU specializes in SBA 7(a) lending to specific industries including automobile and other motor vehicle merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Palmetto Citizens FCU's typical SBA loan terms?
Palmetto Citizens FCU's SBA 7(a) loans typically feature an average interest rate of 7.63% and average term length of 84 months (approximately 7 years). Loan sizes range from $74K to $74K, with an average loan size of $74K.
Do I need a business valuation for a Palmetto Citizens FCU SBA loan?
Yes, Palmetto Citizens 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 Palmetto Citizens FCU compare to other SBA lenders?
Palmetto Citizens FCU has originated 1 SBA loans totaling $74K since 2012. 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 Palmetto Citizens FCU lend in?
Palmetto Citizens FCU provides SBA 7(a) financing with particularly strong presence in SC. 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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