Rural Community Assistance Corporation
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Rural Community Assistance Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 459140 | Other | 16 | $1.8M | $110K | 20.0% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 16 | $1.1M | $68K | 20.0% |
| 722513 | Limited-Service Restaurants | 16 | $1.1M | $68K | 20.0% |
| 561920 | Convention and Trade Show Organizers | 8 | $352K | $44K | 10.0% |
| 213112 | Support Activities for Oil and Gas Operations | 8 | $1.2M | $150K | 10.0% |
| 722330 | Mobile Food Services | 8 | $440K | $55K | 10.0% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 8 | $1.6M | $200K | 10.0% |
Geographic Distribution
SBA lending activity for Rural Community Assistance Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 16 | $2.8M | 20.0% |
| New Mexico (NM) | 24 | $2.1M | 30.0% |
| Nevada (NV) | 24 | $1.6M | 30.0% |
| California (CA) | 16 | $1.0M | 20.0% |
Why Choose Rural Community Assistance Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Other, Other Personal and Household Goods Repair and Maintenance, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.03% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $20K to $200K, with an average of $94K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NV, NM, CA
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 Rural Community Assistance Corporation SBA lending
What types of businesses does Rural Community Assistance Corporation typically finance?
Rural Community Assistance Corporation specializes in SBA 7(a) lending to specific industries including other, other personal and household goods repair and maintenance, limited-service restaurants, convention and trade show organizers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Rural Community Assistance Corporation's typical SBA loan terms?
Rural Community Assistance Corporation's SBA 7(a) loans typically feature an average interest rate of 8.03% and average term length of 104 months (approximately 9 years). Loan sizes range from $20K to $200K, with an average loan size of $94K.
Do I need a business valuation for a Rural Community Assistance Corporation SBA loan?
Yes, Rural Community Assistance Corporation 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 Rural Community Assistance Corporation compare to other SBA lenders?
Rural Community Assistance Corporation has originated 80 SBA loans totaling $7.5M since 2020. 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 Rural Community Assistance Corporation lend in?
Rural Community Assistance Corporation provides SBA 7(a) financing with particularly strong presence in NV, NM, CA, UT. 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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