Service FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Service FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 96 | $7.1M | $74K | 13.6% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 72 | $2.9M | $41K | 10.2% |
| 236118 | Residential Remodelers | 56 | $2.3M | $42K | 8.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 48 | $2.4M | $50K | 6.8% |
| 238990 | All Other Specialty Trade Contractors | 32 | $2.6M | $80K | 4.5% |
| 722320 | Caterers | 24 | $565K | $24K | 3.4% |
| 484110 | General Freight Trucking, Local | 24 | $1.6M | $66K | 3.4% |
| 238910 | Site Preparation Contractors | 24 | $2.8M | $118K | 3.4% |
| 238210 | Electrical Contractors | 24 | $736K | $31K | 3.4% |
| 722511 | Full-Service Restaurants | 16 | $1.6M | $100K | 2.3% |
Geographic Distribution
SBA lending activity for Service FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 632 | $38.7M | 89.8% |
| Massachusetts (MA) | 56 | $4.3M | 8.0% |
| Maine (ME) | 16 | $920K | 2.3% |
Why Choose Service FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 704 SBA loans approved, totaling $44.0M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, New Single-Family Housing Construction (except Operative Builders), Residential Remodelers
- ✓Competitive Terms: Average interest rate of 6.72% with flexible term lengths averaging 73 months
- ✓Loan Range: Loan sizes from $10K to $441K, with an average of $62K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NH, MA, 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 Service FCU SBA lending
What types of businesses does Service FCU typically finance?
Service FCU specializes in SBA 7(a) lending to specific industries including landscaping services, new single-family housing construction (except operative builders), residential remodelers, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Service FCU's typical SBA loan terms?
Service FCU's SBA 7(a) loans typically feature an average interest rate of 6.72% and average term length of 73 months (approximately 6 years). Loan sizes range from $10K to $441K, with an average loan size of $62K.
Do I need a business valuation for a Service FCU SBA loan?
Yes, Service 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 Service FCU compare to other SBA lenders?
Service FCU has originated 704 SBA loans totaling $44.0M 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 Service FCU lend in?
Service FCU provides SBA 7(a) financing with particularly strong presence in NH, MA, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.