SharePoint Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SharePoint Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722330 | Mobile Food Services | 2 | $140K | $70K | 16.7% |
| 812112 | Beauty Salons | 2 | $275K | $138K | 16.7% |
| 722511 | Full-Service Restaurants | 2 | $115K | $58K | 16.7% |
| 485999 | All Other Transit and Ground Passenger Transportation | 2 | $52K | $26K | 16.7% |
| 811111 | General Automotive Repair | 1 | $210K | $210K | 8.3% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $100K | $100K | 8.3% |
| 561730 | Landscaping Services | 1 | $114K | $114K | 8.3% |
Geographic Distribution
SBA lending activity for SharePoint Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 12 | $1.4M | 100.0% |
Why Choose SharePoint Credit Union?
Based on SBA 7(a) lending track record from 2015-2022
- ✓Proven Track Record: 12 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Mobile Food Services, Beauty Salons, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.02% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $15K to $390K, with an average of $116K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 SharePoint Credit Union SBA lending
What types of businesses does SharePoint Credit Union typically finance?
SharePoint Credit Union specializes in SBA 7(a) lending to specific industries including mobile food services, beauty salons, full-service restaurants, all other transit and ground passenger transportation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SharePoint Credit Union's typical SBA loan terms?
SharePoint Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.02% and average term length of 109 months (approximately 9 years). Loan sizes range from $15K to $390K, with an average loan size of $116K.
Do I need a business valuation for a SharePoint Credit Union SBA loan?
Yes, SharePoint 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 SharePoint Credit Union compare to other SBA lenders?
SharePoint Credit Union has originated 12 SBA loans totaling $1.4M since 2015. 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 SharePoint Credit Union lend in?
SharePoint Credit Union provides SBA 7(a) financing with particularly strong presence in MN. 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.
Get your certified valuation from Fair Market Value.