Southwest Heritage CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southwest Heritage CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $313K | $313K | 16.7% |
Geographic Distribution
SBA lending activity for Southwest Heritage CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 6 | $645K | 100.0% |
Why Choose Southwest Heritage CU?
Based on SBA 7(a) lending track record from 2004-2020
- ✓Proven Track Record: 6 SBA loans approved, totaling $645K in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 8.25% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $20K to $313K, with an average of $108K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Southwest Heritage CU SBA lending
What types of businesses does Southwest Heritage CU typically finance?
Southwest Heritage CU specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southwest Heritage CU's typical SBA loan terms?
Southwest Heritage CU's SBA 7(a) loans typically feature an average interest rate of 8.25% and average term length of 97 months (approximately 8 years). Loan sizes range from $20K to $313K, with an average loan size of $108K.
Do I need a business valuation for a Southwest Heritage CU SBA loan?
Yes, Southwest Heritage 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 Southwest Heritage CU compare to other SBA lenders?
Southwest Heritage CU has originated 6 SBA loans totaling $645K 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 Southwest Heritage CU lend in?
Southwest Heritage CU provides SBA 7(a) financing with particularly strong presence in TX. 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.