University Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by University Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 2 | $50K | $25K | 6.1% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 2 | $50K | $25K | 6.1% |
| 541612 | Human Resources Consulting Services | 1 | $50K | $50K | 3.0% |
| 238990 | All Other Specialty Trade Contractors | 1 | $35K | $35K | 3.0% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $25K | $25K | 3.0% |
| 312120 | Breweries | 1 | $50K | $50K | 3.0% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $50K | $50K | 3.0% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $48K | $48K | 3.0% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $25K | $25K | 3.0% |
| 561730 | Landscaping Services | 1 | $20K | $20K | 3.0% |
Geographic Distribution
SBA lending activity for University Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 32 | $1.2M | 97.0% |
| Massachusetts (MA) | 1 | $135K | 3.0% |
Why Choose University Credit Union?
Based on SBA 7(a) lending track record from 2010-2022
- ✓Proven Track Record: 33 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Other Miscellaneous Durable Goods Merchant Wholesalers, Human Resources Consulting Services
- ✓Competitive Terms: Average interest rate of 6.58% with flexible term lengths averaging 51 months
- ✓Loan Range: Loan sizes from $10K to $200K, with an average of $40K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ME, 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 University Credit Union SBA lending
What types of businesses does University Credit Union typically finance?
University Credit Union specializes in SBA 7(a) lending to specific industries including other personal care services, other miscellaneous durable goods merchant wholesalers, human resources consulting services, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are University Credit Union's typical SBA loan terms?
University Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.58% and average term length of 51 months (approximately 4 years). Loan sizes range from $10K to $200K, with an average loan size of $40K.
Do I need a business valuation for a University Credit Union SBA loan?
Yes, University 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 University Credit Union compare to other SBA lenders?
University Credit Union has originated 33 SBA loans totaling $1.3M since 2010. 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 University Credit Union lend in?
University Credit Union provides SBA 7(a) financing with particularly strong presence in ME, MA. 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.
Get your certified valuation from Fair Market Value.