Red River Employees Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Red River Employees Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311611 | Animal (except Poultry) Slaughtering | 1 | $138K | $138K | 20.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $30K | $30K | 20.0% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 1 | $125K | $125K | 20.0% |
| 812199 | Other Personal Care Services | 1 | $203K | $203K | 20.0% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $5.0M | $5.0M | 20.0% |
Geographic Distribution
SBA lending activity for Red River Employees Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 3 | $5.3M | 60.0% |
| Mississippi (MS) | 1 | $125K | 20.0% |
| Arkansas (AR) | 1 | $30K | 20.0% |
Why Choose Red River Employees Federal Credit Union?
Based on SBA 7(a) lending track record from 2013-2025
- ✓Proven Track Record: 5 SBA loans approved, totaling $5.5M in financing
- ✓Industry Expertise: Specialized focus on Animal (except Poultry) Slaughtering, Offices of Physicians (except Mental Health Specialists), Promoters of Performing Arts, Sports, and Similar Events with Facilities
- ✓Competitive Terms: Average interest rate of 9.32% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $30K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TX, MS, AR
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 River Employees Federal Credit Union SBA lending
What types of businesses does Red River Employees Federal Credit Union typically finance?
Red River Employees Federal Credit Union specializes in SBA 7(a) lending to specific industries including animal (except poultry) slaughtering, offices of physicians (except mental health specialists), promoters of performing arts, sports, and similar events with facilities, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Red River Employees Federal Credit Union's typical SBA loan terms?
Red River Employees Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 9.32% and average term length of 162 months (approximately 14 years). Loan sizes range from $30K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Red River Employees Federal Credit Union SBA loan?
Yes, Red River Employees 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 Red River Employees Federal Credit Union compare to other SBA lenders?
Red River Employees Federal Credit Union has originated 5 SBA loans totaling $5.5M since 2013. 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 River Employees Federal Credit Union lend in?
Red River Employees Federal Credit Union provides SBA 7(a) financing with particularly strong presence in TX, MS, AR. 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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