Renaissance Community Loan Fund, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Renaissance Community Loan Fund, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 2 | $400K | $200K | 100.0% |
Geographic Distribution
SBA lending activity for Renaissance Community Loan Fund, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 2 | $400K | 100.0% |
Why Choose Renaissance Community Loan Fund, Inc.?
Based on SBA 7(a) lending track record from 2015-2016
- ✓Proven Track Record: 2 SBA loans approved, totaling $400K in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $150K to $250K, with an average of $200K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Renaissance Community Loan Fund, Inc. SBA lending
What types of businesses does Renaissance Community Loan Fund, Inc. typically finance?
Renaissance Community Loan Fund, Inc. specializes in SBA 7(a) lending to specific industries including limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Renaissance Community Loan Fund, Inc.'s typical SBA loan terms?
Renaissance Community Loan Fund, Inc.'s SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 108 months (approximately 9 years). Loan sizes range from $150K to $250K, with an average loan size of $200K.
Do I need a business valuation for a Renaissance Community Loan Fund, Inc. SBA loan?
Yes, Renaissance Community Loan Fund, Inc. 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 Renaissance Community Loan Fund, Inc. compare to other SBA lenders?
Renaissance Community Loan Fund, Inc. has originated 2 SBA loans totaling $400K since 2015. 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 Renaissance Community Loan Fund, Inc. lend in?
Renaissance Community Loan Fund, Inc. provides SBA 7(a) financing with particularly strong presence in MS. 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.
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