Triangle CU
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Triangle CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 64 | $3.9M | $61K | 16.7% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 32 | $2.9M | $90K | 8.3% |
| 722511 | Full-Service Restaurants | 32 | $9.8M | $307K | 8.3% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 32 | $1.4M | $45K | 8.3% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $677K | $42K | 4.2% |
| 562991 | Septic Tank and Related Services | 16 | $2.9M | $181K | 4.2% |
| 484110 | General Freight Trucking, Local | 16 | $2.8M | $174K | 4.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $600K | $38K | 4.2% |
| 541213 | Tax Preparation Services | 16 | $1.9M | $116K | 4.2% |
| 111998 | All Other Miscellaneous Crop Farming | 16 | $946K | $59K | 4.2% |
Geographic Distribution
SBA lending activity for Triangle CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 328 | $40.3M | 85.4% |
| Massachusetts (MA) | 24 | $2.2M | 6.3% |
| California (CA) | 8 | $1.6M | 2.1% |
| Rhode Island (RI) | 24 | $1.0M | 6.3% |
Why Choose Triangle CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 384 SBA loans approved, totaling $45.2M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Specialized Freight (except Used Goods) Trucking, Local, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.23% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $10K to $878K, with an average of $118K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NH, RI, MA
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 Triangle CU SBA lending
What types of businesses does Triangle CU typically finance?
Triangle CU specializes in SBA 7(a) lending to specific industries including landscaping services, specialized freight (except used goods) trucking, local, full-service restaurants, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Triangle CU's typical SBA loan terms?
Triangle CU's SBA 7(a) loans typically feature an average interest rate of 6.23% and average term length of 95 months (approximately 8 years). Loan sizes range from $10K to $878K, with an average loan size of $118K.
Do I need a business valuation for a Triangle CU SBA loan?
Yes, Triangle 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 Triangle CU compare to other SBA lenders?
Triangle CU has originated 384 SBA loans totaling $45.2M 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 Triangle CU lend in?
Triangle CU provides SBA 7(a) financing with particularly strong presence in NH, RI, MA, 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.
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.