Southbridge CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southbridge CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811490 | Other Personal and Household Goods Repair and Maintenance | 3 | $23K | $8K | 23.1% |
| 488410 | Motor Vehicle Towing | 2 | $302K | $151K | 15.4% |
| 562910 | Remediation Services | 1 | $500K | $500K | 7.7% |
| 611620 | Sports and Recreation Instruction | 1 | $10K | $10K | 7.7% |
| 445292 | Confectionery and Nut Retailers | 1 | $515K | $515K | 7.7% |
| 811111 | General Automotive Repair | 1 | $248K | $248K | 7.7% |
Geographic Distribution
SBA lending activity for Southbridge CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 13 | $1.8M | 100.0% |
Why Choose Southbridge CU?
Based on SBA 7(a) lending track record from 2011-2019
- ✓Proven Track Record: 13 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Other Personal and Household Goods Repair and Maintenance, Motor Vehicle Towing, Remediation Services
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $5K to $515K, with an average of $141K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Southbridge CU SBA lending
What types of businesses does Southbridge CU typically finance?
Southbridge CU specializes in SBA 7(a) lending to specific industries including other personal and household goods repair and maintenance, motor vehicle towing, remediation services, sports and recreation instruction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southbridge CU's typical SBA loan terms?
Southbridge CU's SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 101 months (approximately 8 years). Loan sizes range from $5K to $515K, with an average loan size of $141K.
Do I need a business valuation for a Southbridge CU SBA loan?
Yes, Southbridge CU 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 Southbridge CU compare to other SBA lenders?
Southbridge CU has originated 13 SBA loans totaling $1.8M since 2011. 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 Southbridge CU lend in?
Southbridge CU provides SBA 7(a) financing with particularly strong presence in MA. 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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