Salt Lake City CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Salt Lake City CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 531312 | Nonresidential Property Managers | 1 | $200K | $200K | 33.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $788K | $788K | 33.3% |
| 531311 | Residential Property Managers | 1 | $200K | $200K | 33.3% |
Geographic Distribution
SBA lending activity for Salt Lake City CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 3 | $1.2M | 100.0% |
Why Choose Salt Lake City CU?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 3 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Nonresidential Property Managers, Offices of All Other Miscellaneous Health Practitioners, Residential Property Managers
- ✓Competitive Terms: Average interest rate of 5.78% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $200K to $788K, with an average of $396K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in UT
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 Salt Lake City CU SBA lending
What types of businesses does Salt Lake City CU typically finance?
Salt Lake City CU specializes in SBA 7(a) lending to specific industries including nonresidential property managers, offices of all other miscellaneous health practitioners, residential property managers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Salt Lake City CU's typical SBA loan terms?
Salt Lake City CU's SBA 7(a) loans typically feature an average interest rate of 5.78% and average term length of 156 months (approximately 13 years). Loan sizes range from $200K to $788K, with an average loan size of $396K.
Do I need a business valuation for a Salt Lake City CU SBA loan?
Yes, Salt Lake City CU 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 Salt Lake City CU compare to other SBA lenders?
Salt Lake City CU has originated 3 SBA loans totaling $1.2M since 2011. 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 Salt Lake City CU lend in?
Salt Lake City CU provides SBA 7(a) financing with particularly strong presence in 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.
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.
Get your certified valuation from Fair Market Value.