Technology Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Technology Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 6 | $1.8M | $307K | 7.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 5 | $14.8M | $3.0M | 6.3% |
| 621210 | Offices of Dentists | 5 | $1.5M | $309K | 6.3% |
| 541511 | Custom Computer Programming Services | 4 | $2.0M | $500K | 5.0% |
| 811111 | General Automotive Repair | 4 | $1.0M | $256K | 5.0% |
| 541211 | Offices of Certified Public Accountants | 3 | $1.1M | $354K | 3.8% |
| 332710 | Machine Shops | 3 | $1.5M | $490K | 3.8% |
| 611620 | Sports and Recreation Instruction | 2 | $1.5M | $750K | 2.5% |
| 541613 | Marketing Consulting Services | 2 | $75K | $38K | 2.5% |
| 561311 | Employment Placement Agencies | 2 | $120K | $60K | 2.5% |
Geographic Distribution
SBA lending activity for Technology Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 79 | $62.0M | 98.8% |
| Illinois (IL) | 1 | $1.6M | 1.3% |
Why Choose Technology Credit Union?
Based on SBA 7(a) lending track record from 2011-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $63.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hotels (except Casino Hotels) and Motels, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.39% with flexible term lengths averaging 160 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $794K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, IL
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 Technology Credit Union SBA lending
What types of businesses does Technology Credit Union typically finance?
Technology Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, hotels (except casino hotels) and motels, offices of dentists, custom computer programming services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Technology Credit Union's typical SBA loan terms?
Technology Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.39% and average term length of 160 months (approximately 13 years). Loan sizes range from $20K to $5.0M, with an average loan size of $794K.
Do I need a business valuation for a Technology Credit Union SBA loan?
Yes, Technology 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 Technology Credit Union compare to other SBA lenders?
Technology Credit Union has originated 80 SBA loans totaling $63.5M since 2011. 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 Technology Credit Union lend in?
Technology Credit Union provides SBA 7(a) financing with particularly strong presence in CA, IL. 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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