Sky FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sky FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $17K | $17K | 10.0% |
| 811122 | Automotive Glass Replacement Shops | 1 | $54K | $54K | 10.0% |
| 236118 | Residential Remodelers | 1 | $75K | $75K | 10.0% |
Geographic Distribution
SBA lending activity for Sky FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 10 | $2.0M | 100.0% |
Why Choose Sky FCU?
Based on SBA 7(a) lending track record from 2004-2010
- ✓Proven Track Record: 10 SBA loans approved, totaling $2.0M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Automotive Glass Replacement Shops, Residential Remodelers
- ✓Competitive Terms: Average interest rate of 6.65% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $17K to $750K, with an average of $200K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MT
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 Sky FCU SBA lending
What types of businesses does Sky FCU typically finance?
Sky FCU specializes in SBA 7(a) lending to specific industries including beauty salons, automotive glass replacement shops, residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sky FCU's typical SBA loan terms?
Sky FCU's SBA 7(a) loans typically feature an average interest rate of 6.65% and average term length of 95 months (approximately 8 years). Loan sizes range from $17K to $750K, with an average loan size of $200K.
Do I need a business valuation for a Sky FCU SBA loan?
Yes, Sky 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 Sky FCU compare to other SBA lenders?
Sky FCU has originated 10 SBA loans totaling $2.0M 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 Sky FCU lend in?
Sky FCU provides SBA 7(a) financing with particularly strong presence in MT. 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.