Suncoast CU
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Suncoast CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541850 | Display Advertising | 24 | $39.5M | $1.6M | 37.5% |
| 238990 | All Other Specialty Trade Contractors | 16 | $11.6M | $727K | 25.0% |
| 812112 | Beauty Salons | 8 | $680K | $85K | 12.5% |
| 531390 | Other Activities Related to Real Estate | 8 | $480K | $60K | 12.5% |
| 459110 | Other | 8 | $2.2M | $270K | 12.5% |
Geographic Distribution
SBA lending activity for Suncoast CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 64 | $54.5M | 100.0% |
Why Choose Suncoast CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $54.5M in financing
- ✓Industry Expertise: Specialized focus on Display Advertising, All Other Specialty Trade Contractors, Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.53% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $60K to $3.6M, with an average of $851K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 Suncoast CU SBA lending
What types of businesses does Suncoast CU typically finance?
Suncoast CU specializes in SBA 7(a) lending to specific industries including display advertising, all other specialty trade contractors, beauty salons, other activities related to real estate. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Suncoast CU's typical SBA loan terms?
Suncoast CU's SBA 7(a) loans typically feature an average interest rate of 6.53% and average term length of 129 months (approximately 11 years). Loan sizes range from $60K to $3.6M, with an average loan size of $851K.
Do I need a business valuation for a Suncoast CU SBA loan?
Yes, Suncoast 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 Suncoast CU compare to other SBA lenders?
Suncoast CU has originated 64 SBA loans totaling $54.5M 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 Suncoast CU lend in?
Suncoast CU provides SBA 7(a) financing with particularly strong presence in FL. 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.
Get your certified valuation from Fair Market Value.