River Valley Credit Union Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by River Valley Credit Union Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562910 | Remediation Services | 1 | $1.3M | $1.3M | 9.1% |
| 423720 | Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers | 1 | $327K | $327K | 9.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $620K | $620K | 9.1% |
| 423330 | Roofing, Siding, and Insulation Material Merchant Wholesalers | 1 | $204K | $204K | 9.1% |
Geographic Distribution
SBA lending activity for River Valley Credit Union Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 11 | $5.9M | 100.0% |
Why Choose River Valley Credit Union Inc?
Based on SBA 7(a) lending track record from 2006-2008
- ✓Proven Track Record: 11 SBA loans approved, totaling $5.9M in financing
- ✓Industry Expertise: Specialized focus on Remediation Services, Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $130K to $1.3M, with an average of $539K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 River Valley Credit Union Inc SBA lending
What types of businesses does River Valley Credit Union Inc typically finance?
River Valley Credit Union Inc specializes in SBA 7(a) lending to specific industries including remediation services, plumbing and heating equipment and supplies (hydronics) merchant wholesalers, plumbing, heating, and air-conditioning contractors, roofing, siding, and insulation material merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are River Valley Credit Union Inc's typical SBA loan terms?
River Valley Credit Union Inc's SBA 7(a) loans typically feature an average interest rate of — and average term length of 93 months (approximately 8 years). Loan sizes range from $130K to $1.3M, with an average loan size of $539K.
Do I need a business valuation for a River Valley Credit Union Inc SBA loan?
Yes, River Valley Credit Union 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 River Valley Credit Union Inc compare to other SBA lenders?
River Valley Credit Union Inc has originated 11 SBA loans totaling $5.9M since 2006. 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 River Valley Credit Union Inc lend in?
River Valley Credit Union Inc provides SBA 7(a) financing with particularly strong presence in OH. 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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