Southland Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southland Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 531390 | Other Activities Related to Real Estate | 1 | $50K | $50K | 5.9% |
| 623110 | Nursing Care Facilities (Skilled Nursing Facilities) | 1 | $50K | $50K | 5.9% |
| 541612 | Human Resources Consulting Services | 1 | $50K | $50K | 5.9% |
| 812112 | Beauty Salons | 1 | $50K | $50K | 5.9% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $50K | $50K | 5.9% |
| 541511 | Custom Computer Programming Services | 1 | $50K | $50K | 5.9% |
| 236118 | Residential Remodelers | 1 | $50K | $50K | 5.9% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $35K | $35K | 5.9% |
| 541219 | Other Accounting Services | 1 | $50K | $50K | 5.9% |
| 236220 | Commercial and Institutional Building Construction | 1 | $50K | $50K | 5.9% |
Geographic Distribution
SBA lending activity for Southland Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 17 | $835K | 100.0% |
Why Choose Southland Credit Union?
Based on SBA 7(a) lending track record from 2007-2009
- ✓Proven Track Record: 17 SBA loans approved, totaling $835K in financing
- ✓Industry Expertise: Specialized focus on Other Activities Related to Real Estate, Nursing Care Facilities (Skilled Nursing Facilities), Human Resources Consulting Services
- ✓Competitive Terms: Average interest rate of 6.63% with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $35K to $50K, with an average of $49K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 Southland Credit Union SBA lending
What types of businesses does Southland Credit Union typically finance?
Southland Credit Union specializes in SBA 7(a) lending to specific industries including other activities related to real estate, nursing care facilities (skilled nursing facilities), human resources consulting services, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southland Credit Union's typical SBA loan terms?
Southland Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.63% and average term length of 77 months (approximately 6 years). Loan sizes range from $35K to $50K, with an average loan size of $49K.
Do I need a business valuation for a Southland Credit Union SBA loan?
Yes, Southland Credit Union 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 Southland Credit Union compare to other SBA lenders?
Southland Credit Union has originated 17 SBA loans totaling $835K since 2007. 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 Southland Credit Union lend in?
Southland Credit Union provides SBA 7(a) financing with particularly strong presence in CA. 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.