Red Crown FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Red Crown FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $185K | $93K | 28.6% |
| 238320 | Painting and Wall Covering Contractors | 1 | $50K | $50K | 14.3% |
| 561910 | Packaging and Labeling Services | 1 | $51K | $51K | 14.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $149K | $149K | 14.3% |
| 541380 | Testing Laboratories and Services | 1 | $85K | $85K | 14.3% |
Geographic Distribution
SBA lending activity for Red Crown FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 7 | $640K | 100.0% |
Why Choose Red Crown FCU?
Based on SBA 7(a) lending track record from 2005-2017
- ✓Proven Track Record: 7 SBA loans approved, totaling $640K in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Painting and Wall Covering Contractors, Packaging and Labeling Services
- ✓Competitive Terms: Average interest rate of 5.90% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $50K to $149K, with an average of $91K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 Red Crown FCU SBA lending
What types of businesses does Red Crown FCU typically finance?
Red Crown FCU specializes in SBA 7(a) lending to specific industries including beauty salons, painting and wall covering contractors, packaging and labeling services, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Red Crown FCU's typical SBA loan terms?
Red Crown FCU's SBA 7(a) loans typically feature an average interest rate of 5.90% and average term length of 89 months (approximately 7 years). Loan sizes range from $50K to $149K, with an average loan size of $91K.
Do I need a business valuation for a Red Crown FCU SBA loan?
Yes, Red Crown 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 Red Crown FCU compare to other SBA lenders?
Red Crown FCU has originated 7 SBA loans totaling $640K since 2005. 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 Red Crown FCU lend in?
Red Crown FCU provides SBA 7(a) financing with particularly strong presence in OK. 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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