Spirit of Alaska FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Spirit of Alaska FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 1 | $110K | $110K | 50.0% |
| 532112 | Passenger Car Leasing | 1 | $383K | $383K | 50.0% |
Geographic Distribution
SBA lending activity for Spirit of Alaska FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alaska (AK) | 2 | $493K | 100.0% |
Why Choose Spirit of Alaska FCU?
Based on SBA 7(a) lending track record from 2017-2017
- ✓Proven Track Record: 2 SBA loans approved, totaling $493K in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Passenger Car Leasing
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $110K to $383K, with an average of $246K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AK
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 Spirit of Alaska FCU SBA lending
What types of businesses does Spirit of Alaska FCU typically finance?
Spirit of Alaska FCU specializes in SBA 7(a) lending to specific industries including full-service restaurants, passenger car leasing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Spirit of Alaska FCU's typical SBA loan terms?
Spirit of Alaska FCU's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 156 months (approximately 13 years). Loan sizes range from $110K to $383K, with an average loan size of $246K.
Do I need a business valuation for a Spirit of Alaska FCU SBA loan?
Yes, Spirit of Alaska 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 Spirit of Alaska FCU compare to other SBA lenders?
Spirit of Alaska FCU has originated 2 SBA loans totaling $493K since 2017. 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 Spirit of Alaska FCU lend in?
Spirit of Alaska FCU provides SBA 7(a) financing with particularly strong presence in AK. 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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