Piedmont Advantage CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Piedmont Advantage CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611519 | Other Technical and Trade Schools | 1 | $75K | $75K | 100.0% |
Geographic Distribution
SBA lending activity for Piedmont Advantage CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 1 | $75K | 100.0% |
Why Choose Piedmont Advantage CU?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 1 SBA loans approved, totaling $75K in financing
- ✓Industry Expertise: Specialized focus on Other Technical and Trade Schools
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $75K to $75K, with an average of $75K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 Piedmont Advantage CU SBA lending
What types of businesses does Piedmont Advantage CU typically finance?
Piedmont Advantage CU specializes in SBA 7(a) lending to specific industries including other technical and trade schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Piedmont Advantage CU's typical SBA loan terms?
Piedmont Advantage CU's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $75K to $75K, with an average loan size of $75K.
Do I need a business valuation for a Piedmont Advantage CU SBA loan?
Yes, Piedmont Advantage 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 Piedmont Advantage CU compare to other SBA lenders?
Piedmont Advantage CU has originated 1 SBA loans totaling $75K since 2007. 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 Piedmont Advantage CU lend in?
Piedmont Advantage CU provides SBA 7(a) financing with particularly strong presence in NC. 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.
Get your certified valuation from Fair Market Value.