State Empl CU
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by State Empl CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $3.4M | $429K | 11.1% |
| 722511 | Full-Service Restaurants | 8 | $16.6M | $2.1M | 11.1% |
| 812199 | Other Personal Care Services | 8 | $16.9M | $2.1M | 11.1% |
| 444130 | Hardware Stores | 8 | $37.6M | $4.7M | 11.1% |
| 722513 | Limited-Service Restaurants | 8 | $5.6M | $700K | 11.1% |
| 445298 | Other | 8 | $2.1M | $266K | 11.1% |
| 621320 | Offices of Optometrists | 8 | $21.6M | $2.7M | 11.1% |
| 445291 | Baked Goods Stores | 8 | $4.6M | $575K | 11.1% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 8 | $6.1M | $757K | 11.1% |
Geographic Distribution
SBA lending activity for State Empl CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 72 | $114.4M | 100.0% |
Why Choose State Empl CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $114.4M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Other Personal Care Services
- ✓Competitive Terms: Average interest rate of 7.94% with flexible term lengths averaging 201 months
- ✓Loan Range: Loan sizes from $266K to $4.7M, with an average of $1.6M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NM
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 State Empl CU SBA lending
What types of businesses does State Empl CU typically finance?
State Empl CU specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, other personal care services, hardware stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Empl CU's typical SBA loan terms?
State Empl CU's SBA 7(a) loans typically feature an average interest rate of 7.94% and average term length of 201 months (approximately 17 years). Loan sizes range from $266K to $4.7M, with an average loan size of $1.6M.
Do I need a business valuation for a State Empl CU SBA loan?
Yes, State Empl 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 State Empl CU compare to other SBA lenders?
State Empl CU has originated 72 SBA loans totaling $114.4M 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 State Empl CU lend in?
State Empl CU provides SBA 7(a) financing with particularly strong presence in NM. 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?
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