People First Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by People First Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2 | $569K | $285K | 18.2% |
| 441120 | Used Car Dealers | 2 | $486K | $243K | 18.2% |
| 624410 | Child Care Services | 1 | $449K | $449K | 9.1% |
| 312120 | Breweries | 1 | $524K | $524K | 9.1% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $100K | $100K | 9.1% |
| 722513 | Limited-Service Restaurants | 1 | $384K | $384K | 9.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $1.2M | $1.2M | 9.1% |
| 811111 | General Automotive Repair | 1 | $1.5M | $1.5M | 9.1% |
| 812112 | Beauty Salons | 1 | $170K | $170K | 9.1% |
Geographic Distribution
SBA lending activity for People First Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 11 | $5.3M | 100.0% |
Why Choose People First Federal Credit Union?
Based on SBA 7(a) lending track record from 2010-2019
- ✓Proven Track Record: 11 SBA loans approved, totaling $5.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Used Car Dealers, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.27% with flexible term lengths averaging 226 months
- ✓Loan Range: Loan sizes from $100K to $1.5M, with an average of $483K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 People First Federal Credit Union SBA lending
What types of businesses does People First Federal Credit Union typically finance?
People First Federal Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, used car dealers, child care services, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are People First Federal Credit Union's typical SBA loan terms?
People First Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.27% and average term length of 226 months (approximately 19 years). Loan sizes range from $100K to $1.5M, with an average loan size of $483K.
Do I need a business valuation for a People First Federal Credit Union SBA loan?
Yes, People First Federal 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 People First Federal Credit Union compare to other SBA lenders?
People First Federal Credit Union has originated 11 SBA loans totaling $5.3M since 2010. 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 People First Federal Credit Union lend in?
People First Federal Credit Union provides SBA 7(a) financing with particularly strong presence in PA. 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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