Seaboard FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Seaboard FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 11 | $468K | $43K | 23.4% |
| 424460 | Fish and Seafood Merchant Wholesalers | 4 | $576K | $144K | 8.5% |
| 327991 | Cut Stone and Stone Product Manufacturing | 2 | $134K | $67K | 4.3% |
| 312120 | Breweries | 2 | $93K | $47K | 4.3% |
| 541430 | Graphic Design Services | 2 | $77K | $39K | 4.3% |
| 712190 | Nature Parks and Other Similar Institutions | 2 | $248K | $124K | 4.3% |
| 488999 | All Other Support Activities for Transportation | 2 | $103K | $52K | 4.3% |
| 624410 | Child Care Services | 1 | $15K | $15K | 2.1% |
| 238330 | Flooring Contractors | 1 | $40K | $40K | 2.1% |
| 238990 | All Other Specialty Trade Contractors | 1 | $53K | $53K | 2.1% |
Geographic Distribution
SBA lending activity for Seaboard FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 47 | $2.8M | 100.0% |
Why Choose Seaboard FCU?
Based on SBA 7(a) lending track record from 2011-2025
- ✓Proven Track Record: 47 SBA loans approved, totaling $2.8M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, Fish and Seafood Merchant Wholesalers, Cut Stone and Stone Product Manufacturing
- ✓Competitive Terms: Average interest rate of 7.63% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $5K to $218K, with an average of $61K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
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 Seaboard FCU SBA lending
What types of businesses does Seaboard FCU typically finance?
Seaboard FCU specializes in SBA 7(a) lending to specific industries including shellfish fishing, fish and seafood merchant wholesalers, cut stone and stone product manufacturing, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Seaboard FCU's typical SBA loan terms?
Seaboard FCU's SBA 7(a) loans typically feature an average interest rate of 7.63% and average term length of 88 months (approximately 7 years). Loan sizes range from $5K to $218K, with an average loan size of $61K.
Do I need a business valuation for a Seaboard FCU SBA loan?
Yes, Seaboard FCU 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 Seaboard FCU compare to other SBA lenders?
Seaboard FCU has originated 47 SBA loans totaling $2.8M 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 Seaboard FCU lend in?
Seaboard FCU provides SBA 7(a) financing with particularly strong presence in ME. 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?
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