Technology CU
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Technology CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 40 | $11.5M | $289K | 33.3% |
| 611710 | Educational Support Services | 16 | $4.9M | $307K | 13.3% |
| 541511 | Custom Computer Programming Services | 8 | $1.2M | $150K | 6.7% |
| 451110 | Sporting Goods Stores | 8 | $2.8M | $350K | 6.7% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $2.4M | $300K | 6.7% |
| 454110 | Electronic Shopping and Mail-Order Houses | 8 | $4.0M | $500K | 6.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $14.0M | $1.7M | 6.7% |
| 811111 | General Automotive Repair | 8 | $3.4M | $425K | 6.7% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $40.0M | $5.0M | 6.7% |
| 722513 | Limited-Service Restaurants | 8 | $4.3M | $540K | 6.7% |
Geographic Distribution
SBA lending activity for Technology CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 120 | $88.5M | 100.0% |
Why Choose Technology CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $88.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Educational Support Services, Custom Computer Programming Services
- ✓Competitive Terms: Average interest rate of 6.85% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $738K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 CU SBA lending
What types of businesses does Technology CU typically finance?
Technology CU specializes in SBA 7(a) lending to specific industries including full-service restaurants, educational support services, custom computer programming services, sporting goods stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Technology CU's typical SBA loan terms?
Technology CU's SBA 7(a) loans typically feature an average interest rate of 6.85% and average term length of 126 months (approximately 11 years). Loan sizes range from $100K to $5.0M, with an average loan size of $738K.
Do I need a business valuation for a Technology CU SBA loan?
Yes, Technology 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 Technology CU compare to other SBA lenders?
Technology CU has originated 120 SBA loans totaling $88.5M 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 Technology CU lend in?
Technology CU provides SBA 7(a) financing with particularly strong presence in CA. 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.
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