Signal Financial FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Signal Financial FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $514K | $257K | 16.7% |
| 541519 | Other Computer Related Services | 2 | $150K | $75K | 16.7% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $60K | $60K | 8.3% |
| 541611 | Administrative Management and General Management Consulting Services | 1 | $800K | $800K | 8.3% |
| 238150 | Glass and Glazing Contractors | 1 | $1.7M | $1.7M | 8.3% |
| 484110 | General Freight Trucking, Local | 1 | $114K | $114K | 8.3% |
| 722320 | Caterers | 1 | $100K | $100K | 8.3% |
| 541310 | Architectural Services | 1 | $106K | $106K | 8.3% |
| 812112 | Beauty Salons | 1 | $100K | $100K | 8.3% |
Geographic Distribution
SBA lending activity for Signal Financial FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 5 | $2.3M | 41.7% |
| Virginia (VA) | 2 | $925K | 16.7% |
| District of Columbia (DC) | 3 | $369K | 25.0% |
| Pennsylvania (PA) | 2 | $150K | 16.7% |
Why Choose Signal Financial FCU?
Based on SBA 7(a) lending track record from 2009-2024
- ✓Proven Track Record: 12 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Other Computer Related Services, Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of 6.42% with flexible term lengths averaging 121 months
- ✓Loan Range: Loan sizes from $30K to $1.7M, with an average of $314K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MD, DC, PA
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 Signal Financial FCU SBA lending
What types of businesses does Signal Financial FCU typically finance?
Signal Financial FCU specializes in SBA 7(a) lending to specific industries including general automotive repair, other computer related services, electrical contractors and other wiring installation contractors, administrative management and general management consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Signal Financial FCU's typical SBA loan terms?
Signal Financial FCU's SBA 7(a) loans typically feature an average interest rate of 6.42% and average term length of 121 months (approximately 10 years). Loan sizes range from $30K to $1.7M, with an average loan size of $314K.
Do I need a business valuation for a Signal Financial FCU SBA loan?
Yes, Signal Financial 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 Signal Financial FCU compare to other SBA lenders?
Signal Financial FCU has originated 12 SBA loans totaling $3.8M since 2009. 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 Signal Financial FCU lend in?
Signal Financial FCU provides SBA 7(a) financing with particularly strong presence in MD, DC, PA, VA. 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.