Superior Credit Union Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Superior Credit Union Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 1 | $180K | $180K | 3.4% |
| 484210 | Used Household and Office Goods Moving | 1 | $200K | $200K | 3.4% |
| 624410 | Child Care Services | 1 | $60K | $60K | 3.4% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $150K | $150K | 3.4% |
| 326140 | Polystyrene Foam Product Manufacturing | 1 | $100K | $100K | 3.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $63K | $63K | 3.4% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $122K | $122K | 3.4% |
| 237130 | Power and Communication Line and Related Structures Construction | 1 | $42K | $42K | 3.4% |
| 541110 | Offices of Lawyers | 1 | $160K | $160K | 3.4% |
| 236220 | Commercial and Institutional Building Construction | 1 | $75K | $75K | 3.4% |
Geographic Distribution
SBA lending activity for Superior Credit Union Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 27 | $2.8M | 93.1% |
| Kentucky (KY) | 2 | $136K | 6.9% |
Why Choose Superior Credit Union Inc?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 29 SBA loans approved, totaling $3.0M in financing
- ✓Industry Expertise: Specialized focus on Other Grocery and Related Products Merchant Wholesalers, Used Household and Office Goods Moving, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.15% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $21K to $350K, with an average of $102K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OH, KY
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 Superior Credit Union Inc SBA lending
What types of businesses does Superior Credit Union Inc typically finance?
Superior Credit Union Inc specializes in SBA 7(a) lending to specific industries including other grocery and related products merchant wholesalers, used household and office goods moving, child care services, other commercial and industrial machinery and equipment rental and leasing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Superior Credit Union Inc's typical SBA loan terms?
Superior Credit Union Inc's SBA 7(a) loans typically feature an average interest rate of 6.15% and average term length of 102 months (approximately 9 years). Loan sizes range from $21K to $350K, with an average loan size of $102K.
Do I need a business valuation for a Superior Credit Union Inc SBA loan?
Yes, Superior Credit Union Inc 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 Superior Credit Union Inc compare to other SBA lenders?
Superior Credit Union Inc has originated 29 SBA loans totaling $3.0M since 1992. 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 Superior Credit Union Inc lend in?
Superior Credit Union Inc provides SBA 7(a) financing with particularly strong presence in OH, KY. 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.
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