Teachers Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Teachers Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 5 | $232K | $46K | 7.7% |
| 561730 | Landscaping Services | 3 | $78K | $26K | 4.6% |
| 811192 | Car Washes | 2 | $33K | $16K | 3.1% |
| 238910 | Site Preparation Contractors | 2 | $46K | $23K | 3.1% |
| 541921 | Photography Studios, Portrait | 2 | $15K | $8K | 3.1% |
| 238990 | All Other Specialty Trade Contractors | 2 | $20K | $10K | 3.1% |
| 611420 | Computer Training | 2 | $84K | $42K | 3.1% |
| 541690 | Other Scientific and Technical Consulting Services | 1 | $40K | $40K | 1.5% |
| 238330 | Flooring Contractors | 1 | $20K | $20K | 1.5% |
| 492210 | Local Messengers and Local Delivery | 1 | $20K | $20K | 1.5% |
Geographic Distribution
SBA lending activity for Teachers Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 65 | $2.1M | 100.0% |
Why Choose Teachers Federal Credit Union?
Based on SBA 7(a) lending track record from 2005-2016
- ✓Proven Track Record: 65 SBA loans approved, totaling $2.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Landscaping Services, Car Washes
- ✓Competitive Terms: Average interest rate of 6.14% with flexible term lengths averaging 80 months
- ✓Loan Range: Loan sizes from $5K to $250K, with an average of $32K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 Teachers Federal Credit Union SBA lending
What types of businesses does Teachers Federal Credit Union typically finance?
Teachers Federal Credit Union specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), landscaping services, car washes, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Teachers Federal Credit Union's typical SBA loan terms?
Teachers Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.14% and average term length of 80 months (approximately 7 years). Loan sizes range from $5K to $250K, with an average loan size of $32K.
Do I need a business valuation for a Teachers Federal Credit Union SBA loan?
Yes, Teachers Federal Credit Union 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 Teachers Federal Credit Union compare to other SBA lenders?
Teachers Federal Credit Union has originated 65 SBA loans totaling $2.1M since 2005. 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 Teachers Federal Credit Union lend in?
Teachers Federal Credit Union provides SBA 7(a) financing with particularly strong presence in NY. 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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