Spokane Teachers CU
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Spokane Teachers CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $2.4M | $298K | 25.0% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $9.2M | $1.1M | 25.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $3.5M | $440K | 25.0% |
| 115112 | Soil Preparation, Planting, and Cultivating | 8 | $4.7M | $591K | 25.0% |
Geographic Distribution
SBA lending activity for Spokane Teachers CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 32 | $19.8M | 100.0% |
Why Choose Spokane Teachers CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $19.8M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, Pet Care (except Veterinary) Services, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 9.88% with flexible term lengths averaging 165 months
- ✓Loan Range: Loan sizes from $298K to $1.1M, with an average of $620K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WA
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 Spokane Teachers CU SBA lending
What types of businesses does Spokane Teachers CU typically finance?
Spokane Teachers CU specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, pet care (except veterinary) services, plumbing, heating, and air-conditioning contractors, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Spokane Teachers CU's typical SBA loan terms?
Spokane Teachers CU's SBA 7(a) loans typically feature an average interest rate of 9.88% and average term length of 165 months (approximately 14 years). Loan sizes range from $298K to $1.1M, with an average loan size of $620K.
Do I need a business valuation for a Spokane Teachers CU SBA loan?
Yes, Spokane Teachers 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 Spokane Teachers CU compare to other SBA lenders?
Spokane Teachers CU has originated 32 SBA loans totaling $19.8M since 2020. 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 Spokane Teachers CU lend in?
Spokane Teachers CU provides SBA 7(a) financing with particularly strong presence in WA. 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?
Professional valuations are often required for SBA loans over $250,000.
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