TruFund Financial Services Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TruFund Financial Services Inc
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $2.1M | $260K | 16.7% |
| 722320 | Caterers | 8 | $896K | $112K | 16.7% |
| 722513 | Limited-Service Restaurants | 8 | $2.6M | $331K | 16.7% |
| 541519 | Other Computer Related Services | 8 | $1.2M | $150K | 16.7% |
| 561720 | Janitorial Services | 8 | $1.2M | $150K | 16.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $2.1M | $258K | 16.7% |
Geographic Distribution
SBA lending activity for TruFund Financial Services Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 16 | $3.8M | 33.3% |
| Alabama (AL) | 16 | $3.3M | 33.3% |
| New Jersey (NJ) | 8 | $2.1M | 16.7% |
| Louisiana (LA) | 8 | $896K | 16.7% |
Why Choose TruFund Financial Services Inc?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $10.1M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, Caterers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.79% with flexible term lengths averaging 70 months
- ✓Loan Range: Loan sizes from $112K to $331K, with an average of $210K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NY, AL, LA
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 TruFund Financial Services Inc SBA lending
What types of businesses does TruFund Financial Services Inc typically finance?
TruFund Financial Services Inc specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, caterers, limited-service restaurants, other computer related services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TruFund Financial Services Inc's typical SBA loan terms?
TruFund Financial Services Inc's SBA 7(a) loans typically feature an average interest rate of 7.79% and average term length of 70 months (approximately 6 years). Loan sizes range from $112K to $331K, with an average loan size of $210K.
Do I need a business valuation for a TruFund Financial Services Inc SBA loan?
Yes, TruFund Financial Services 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 TruFund Financial Services Inc compare to other SBA lenders?
TruFund Financial Services Inc has originated 48 SBA loans totaling $10.1M 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 TruFund Financial Services Inc lend in?
TruFund Financial Services Inc provides SBA 7(a) financing with particularly strong presence in NY, AL, LA, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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