SELCO Community Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SELCO Community Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 3 | $202K | $67K | 27.3% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 3 | $685K | $228K | 27.3% |
| 623312 | Assisted Living Facilities for the Elderly | 1 | $33K | $33K | 9.1% |
| 531190 | Lessors of Other Real Estate Property | 1 | $527K | $527K | 9.1% |
| 621310 | Offices of Chiropractors | 1 | $378K | $378K | 9.1% |
| 722511 | Full-Service Restaurants | 1 | $1.8M | $1.8M | 9.1% |
| 722513 | Limited-Service Restaurants | 1 | $249K | $249K | 9.1% |
Geographic Distribution
SBA lending activity for SELCO Community Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oregon (OR) | 11 | $3.9M | 100.0% |
Why Choose SELCO Community Credit Union?
Based on SBA 7(a) lending track record from 2011-2018
- ✓Proven Track Record: 11 SBA loans approved, totaling $3.9M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Lessors of Miniwarehouses and Self-Storage Units, Assisted Living Facilities for the Elderly
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $25K to $1.8M, with an average of $354K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OR
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 SELCO Community Credit Union SBA lending
What types of businesses does SELCO Community Credit Union typically finance?
SELCO Community Credit Union specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, lessors of miniwarehouses and self-storage units, assisted living facilities for the elderly, lessors of other real estate property. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SELCO Community Credit Union's typical SBA loan terms?
SELCO Community Credit Union's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 142 months (approximately 12 years). Loan sizes range from $25K to $1.8M, with an average loan size of $354K.
Do I need a business valuation for a SELCO Community Credit Union SBA loan?
Yes, SELCO Community 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 SELCO Community Credit Union compare to other SBA lenders?
SELCO Community Credit Union has originated 11 SBA loans totaling $3.9M 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 SELCO Community Credit Union lend in?
SELCO Community Credit Union provides SBA 7(a) financing with particularly strong presence in OR. 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.
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