Southeast Financial CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southeast Financial CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561720 | Janitorial Services | 3 | $240K | $80K | 21.4% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $20K | $20K | 7.1% |
| 522390 | Other Activities Related to Credit Intermediation | 1 | $850K | $850K | 7.1% |
Geographic Distribution
SBA lending activity for Southeast Financial CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 13 | $1.7M | 92.9% |
| Alabama (AL) | 1 | $150K | 7.1% |
Why Choose Southeast Financial CU?
Based on SBA 7(a) lending track record from 2004-2008
- ✓Proven Track Record: 14 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Janitorial Services, All Other Amusement and Recreation Industries, Other Activities Related to Credit Intermediation
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 54 months
- ✓Loan Range: Loan sizes from $15K to $850K, with an average of $136K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, AL
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 Southeast Financial CU SBA lending
What types of businesses does Southeast Financial CU typically finance?
Southeast Financial CU specializes in SBA 7(a) lending to specific industries including janitorial services, all other amusement and recreation industries, other activities related to credit intermediation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southeast Financial CU's typical SBA loan terms?
Southeast Financial CU's SBA 7(a) loans typically feature an average interest rate of — and average term length of 54 months (approximately 5 years). Loan sizes range from $15K to $850K, with an average loan size of $136K.
Do I need a business valuation for a Southeast Financial CU SBA loan?
Yes, Southeast Financial 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 Southeast Financial CU compare to other SBA lenders?
Southeast Financial CU has originated 14 SBA loans totaling $1.9M 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 Southeast Financial CU lend in?
Southeast Financial CU provides SBA 7(a) financing with particularly strong presence in TN, AL. 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.