Purdue Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Purdue Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 813410 | Civic and Social Organizations | 8 | $1.6M | $204K | 50.0% |
| 722511 | Full-Service Restaurants | 8 | $800K | $100K | 50.0% |
Geographic Distribution
SBA lending activity for Purdue Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 16 | $2.4M | 100.0% |
Why Choose Purdue Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $2.4M in financing
- ✓Industry Expertise: Specialized focus on Civic and Social Organizations, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.13% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $100K to $204K, with an average of $152K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Purdue Federal Credit Union SBA lending
What types of businesses does Purdue Federal Credit Union typically finance?
Purdue Federal Credit Union specializes in SBA 7(a) lending to specific industries including civic and social organizations, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Purdue Federal Credit Union's typical SBA loan terms?
Purdue Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.13% and average term length of 111 months (approximately 9 years). Loan sizes range from $100K to $204K, with an average loan size of $152K.
Do I need a business valuation for a Purdue Federal Credit Union SBA loan?
Yes, Purdue 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 Purdue Federal Credit Union compare to other SBA lenders?
Purdue Federal Credit Union has originated 16 SBA loans totaling $2.4M since 2020. 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 Purdue Federal Credit Union lend in?
Purdue Federal Credit Union provides SBA 7(a) financing with particularly strong presence in IN. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.