PrimeWay FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PrimeWay FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 3 | $329K | $110K | 9.1% |
| 236220 | Commercial and Institutional Building Construction | 3 | $450K | $150K | 9.1% |
| 624410 | Child Care Services | 3 | $215K | $72K | 9.1% |
| 423840 | Industrial Supplies Merchant Wholesalers | 2 | $250K | $125K | 6.1% |
| 541990 | All Other Professional, Scientific, and Technical Services | 2 | $110K | $55K | 6.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $200K | $100K | 6.1% |
| 522310 | Mortgage and Nonmortgage Loan Brokers | 2 | $65K | $33K | 6.1% |
| 722513 | Limited-Service Restaurants | 1 | $150K | $150K | 3.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $15K | $15K | 3.0% |
| 623990 | Other Residential Care Facilities | 1 | $10K | $10K | 3.0% |
Geographic Distribution
SBA lending activity for PrimeWay FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 33 | $3.1M | 100.0% |
Why Choose PrimeWay FCU?
Based on SBA 7(a) lending track record from 2012-2017
- ✓Proven Track Record: 33 SBA loans approved, totaling $3.1M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Commercial and Institutional Building Construction, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.10% with flexible term lengths averaging 65 months
- ✓Loan Range: Loan sizes from $10K to $350K, with an average of $93K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 PrimeWay FCU SBA lending
What types of businesses does PrimeWay FCU typically finance?
PrimeWay FCU specializes in SBA 7(a) lending to specific industries including machine shops, commercial and institutional building construction, child care services, industrial supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PrimeWay FCU's typical SBA loan terms?
PrimeWay FCU's SBA 7(a) loans typically feature an average interest rate of 6.10% and average term length of 65 months (approximately 5 years). Loan sizes range from $10K to $350K, with an average loan size of $93K.
Do I need a business valuation for a PrimeWay FCU SBA loan?
Yes, PrimeWay 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 PrimeWay FCU compare to other SBA lenders?
PrimeWay FCU has originated 33 SBA loans totaling $3.1M 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 PrimeWay FCU lend in?
PrimeWay FCU provides SBA 7(a) financing with particularly strong presence in TX. 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.