Seven Seventeen Credit Union Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Seven Seventeen Credit Union Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 1 | $96K | $96K | 12.5% |
| 236118 | Residential Remodelers | 1 | $175K | $175K | 12.5% |
| 561720 | Janitorial Services | 1 | $64K | $64K | 12.5% |
| 722513 | Limited-Service Restaurants | 1 | $188K | $188K | 12.5% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $108K | $108K | 12.5% |
Geographic Distribution
SBA lending activity for Seven Seventeen Credit Union Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 8 | $1.2M | 100.0% |
Why Choose Seven Seventeen Credit Union Inc?
Based on SBA 7(a) lending track record from 2004-2013
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Residential Remodelers, Janitorial Services
- ✓Competitive Terms: Average interest rate of 6.87% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $25K to $320K, with an average of $147K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Seven Seventeen Credit Union Inc SBA lending
What types of businesses does Seven Seventeen Credit Union Inc typically finance?
Seven Seventeen Credit Union Inc specializes in SBA 7(a) lending to specific industries including all other personal services, residential remodelers, janitorial services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Seven Seventeen Credit Union Inc's typical SBA loan terms?
Seven Seventeen Credit Union Inc's SBA 7(a) loans typically feature an average interest rate of 6.87% and average term length of 96 months (approximately 8 years). Loan sizes range from $25K to $320K, with an average loan size of $147K.
Do I need a business valuation for a Seven Seventeen Credit Union Inc SBA loan?
Yes, Seven Seventeen Credit Union Inc 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 Seven Seventeen Credit Union Inc compare to other SBA lenders?
Seven Seventeen Credit Union Inc has originated 8 SBA loans totaling $1.2M since 2004. 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 Seven Seventeen Credit Union Inc lend in?
Seven Seventeen Credit Union Inc provides SBA 7(a) financing with particularly strong presence in OH. 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.
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