United FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by United FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445320 | Other | 104 | $98.9M | $951K | 16.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 80 | $277.9M | $3.5M | 12.7% |
| 722513 | Limited-Service Restaurants | 72 | $63.1M | $876K | 11.4% |
| 722511 | Full-Service Restaurants | 32 | $29.5M | $923K | 5.1% |
| 812112 | Beauty Salons | 24 | $2.6M | $109K | 3.8% |
| 457110 | Other | 24 | $19.8M | $825K | 3.8% |
| 449121 | Other | 24 | $15.1M | $628K | 3.8% |
| 459110 | Other | 24 | $7.5M | $311K | 3.8% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 16 | $11.8M | $739K | 2.5% |
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 16 | $14.2M | $885K | 2.5% |
Geographic Distribution
SBA lending activity for United FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 304 | $242.0M | 48.1% |
| North Carolina (NC) | 56 | $100.6M | 8.9% |
| Texas (TX) | 40 | $95.8M | 6.3% |
| South Carolina (SC) | 16 | $43.0M | 2.5% |
| Pennsylvania (PA) | 8 | $40.0M | 1.3% |
| Missouri (MO) | 8 | $40.0M | 1.3% |
| Virginia (VA) | 16 | $35.9M | 2.5% |
| Ohio (OH) | 32 | $21.4M | 5.1% |
| Florida (FL) | 32 | $20.9M | 5.1% |
| Minnesota (MN) | 8 | $14.6M | 1.3% |
| Georgia (GA) | 8 | $14.5M | 1.3% |
| New Jersey (NJ) | 8 | $14.0M | 1.3% |
| Nevada (NV) | 40 | $13.2M | 6.3% |
| Wisconsin (WI) | 16 | $10.8M | 2.5% |
| New York (NY) | 8 | $9.4M | 1.3% |
| Indiana (IN) | 24 | $7.2M | 3.8% |
| Arkansas (AR) | 8 | $640K | 1.3% |
Why Choose United FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 632 SBA loans approved, totaling $723.9M in financing
- ✓Industry Expertise: Specialized focus on Other, Hotels (except Casino Hotels) and Motels, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.84% with flexible term lengths averaging 210 months
- ✓Loan Range: Loan sizes from $80K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 17 states, with strong presence in MI, NC, TX
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 United FCU SBA lending
What types of businesses does United FCU typically finance?
United FCU specializes in SBA 7(a) lending to specific industries including other, hotels (except casino hotels) and motels, limited-service restaurants, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are United FCU's typical SBA loan terms?
United FCU's SBA 7(a) loans typically feature an average interest rate of 8.84% and average term length of 210 months (approximately 18 years). Loan sizes range from $80K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a United FCU SBA loan?
Yes, United FCU 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 United FCU compare to other SBA lenders?
United FCU has originated 632 SBA loans totaling $723.9M 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 United FCU lend in?
United FCU provides SBA 7(a) financing with particularly strong presence in MI, NC, TX, NV, OH. 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.