Singing River FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Singing River FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321114 | Wood Preservation | 1 | $620K | $620K | 50.0% |
| 336212 | Truck Trailer Manufacturing | 1 | $685K | $685K | 50.0% |
Geographic Distribution
SBA lending activity for Singing River FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 2 | $1.3M | 100.0% |
Why Choose Singing River FCU?
Based on SBA 7(a) lending track record from 2018-2018
- ✓Proven Track Record: 2 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Wood Preservation, Truck Trailer Manufacturing
- ✓Competitive Terms: Average interest rate of 7.38% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $620K to $685K, with an average of $652K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Singing River FCU SBA lending
What types of businesses does Singing River FCU typically finance?
Singing River FCU specializes in SBA 7(a) lending to specific industries including wood preservation, truck trailer manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Singing River FCU's typical SBA loan terms?
Singing River FCU's SBA 7(a) loans typically feature an average interest rate of 7.38% and average term length of 142 months (approximately 12 years). Loan sizes range from $620K to $685K, with an average loan size of $652K.
Do I need a business valuation for a Singing River FCU SBA loan?
Yes, Singing River 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 Singing River FCU compare to other SBA lenders?
Singing River FCU has originated 2 SBA loans totaling $1.3M since 2018. 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 Singing River FCU lend in?
Singing River FCU provides SBA 7(a) financing with particularly strong presence in MS. 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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