Royal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Royal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621320 | Offices of Optometrists | 4 | $674K | $169K | 5.8% |
| 624410 | Child Care Services | 4 | $605K | $151K | 5.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $2.3M | $763K | 4.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $482K | $161K | 4.3% |
| 312113 | Ice Manufacturing | 3 | $854K | $285K | 4.3% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $46K | $23K | 2.9% |
| 561740 | Carpet and Upholstery Cleaning Services | 2 | $75K | $38K | 2.9% |
| 339999 | All Other Miscellaneous Manufacturing | 2 | $426K | $213K | 2.9% |
| 811111 | General Automotive Repair | 2 | $830K | $415K | 2.9% |
| 236116 | New Multifamily Housing Construction (except For-Sale Builders) | 1 | $775K | $775K | 1.4% |
Geographic Distribution
SBA lending activity for Royal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 67 | $14.0M | 97.1% |
| Minnesota (MN) | 2 | $1.2M | 2.9% |
Why Choose Royal Credit Union?
Based on SBA 7(a) lending track record from 1994-2022
- ✓Proven Track Record: 69 SBA loans approved, totaling $15.2M in financing
- ✓Industry Expertise: Specialized focus on Offices of Optometrists, Child Care Services, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.57% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $15K to $1.2M, with an average of $220K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WI, MN
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 Royal Credit Union SBA lending
What types of businesses does Royal Credit Union typically finance?
Royal Credit Union specializes in SBA 7(a) lending to specific industries including offices of optometrists, child care services, hotels (except casino hotels) and motels, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Royal Credit Union's typical SBA loan terms?
Royal Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.57% and average term length of 118 months (approximately 10 years). Loan sizes range from $15K to $1.2M, with an average loan size of $220K.
Do I need a business valuation for a Royal Credit Union SBA loan?
Yes, Royal 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 Royal Credit Union compare to other SBA lenders?
Royal Credit Union has originated 69 SBA loans totaling $15.2M since 1994. 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 Royal Credit Union lend in?
Royal Credit Union provides SBA 7(a) financing with particularly strong presence in WI, MN. 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.
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