SeaComm Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SeaComm Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $1.7M | $208K | 25.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.0M | $130K | 25.0% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 8 | $6.8M | $845K | 25.0% |
| 459110 | Other | 8 | $800K | $100K | 25.0% |
Geographic Distribution
SBA lending activity for SeaComm Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 32 | $10.3M | 100.0% |
Why Choose SeaComm Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $10.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars, RV (Recreational Vehicle) Parks and Campgrounds
- ✓Competitive Terms: Average interest rate of 8.00% with flexible term lengths averaging 195 months
- ✓Loan Range: Loan sizes from $100K to $845K, with an average of $321K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 SeaComm Federal Credit Union SBA lending
What types of businesses does SeaComm Federal Credit Union typically finance?
SeaComm Federal Credit Union specializes in SBA 7(a) lending to specific industries including limited-service restaurants, snack and nonalcoholic beverage bars, rv (recreational vehicle) parks and campgrounds, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SeaComm Federal Credit Union's typical SBA loan terms?
SeaComm Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 8.00% and average term length of 195 months (approximately 16 years). Loan sizes range from $100K to $845K, with an average loan size of $321K.
Do I need a business valuation for a SeaComm Federal Credit Union SBA loan?
Yes, SeaComm Federal 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 SeaComm Federal Credit Union compare to other SBA lenders?
SeaComm Federal Credit Union has originated 32 SBA loans totaling $10.3M 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 SeaComm Federal Credit Union lend in?
SeaComm Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NY. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.