Visions FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Visions FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 4 | $1.7M | $418K | 7.8% |
| 312130 | Wineries | 2 | $260K | $130K | 3.9% |
| 561720 | Janitorial Services | 2 | $103K | $52K | 3.9% |
| 624410 | Child Care Services | 1 | $34K | $34K | 2.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $112K | $112K | 2.0% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $150K | $150K | 2.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $37K | $37K | 2.0% |
| 624190 | Other Individual and Family Services | 1 | $20K | $20K | 2.0% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $80K | $80K | 2.0% |
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $100K | $100K | 2.0% |
Geographic Distribution
SBA lending activity for Visions FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 44 | $5.0M | 86.3% |
| Pennsylvania (PA) | 4 | $289K | 7.8% |
| New Jersey (NJ) | 3 | $195K | 5.9% |
Why Choose Visions FCU?
Based on SBA 7(a) lending track record from 2001-2013
- ✓Proven Track Record: 51 SBA loans approved, totaling $5.5M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Wineries, Janitorial Services
- ✓Competitive Terms: Average interest rate of 5.95% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $9K to $1.0M, with an average of $108K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, PA, NJ
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 Visions FCU SBA lending
What types of businesses does Visions FCU typically finance?
Visions FCU specializes in SBA 7(a) lending to specific industries including car washes, wineries, janitorial services, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Visions FCU's typical SBA loan terms?
Visions FCU's SBA 7(a) loans typically feature an average interest rate of 5.95% and average term length of 106 months (approximately 9 years). Loan sizes range from $9K to $1.0M, with an average loan size of $108K.
Do I need a business valuation for a Visions FCU SBA loan?
Yes, Visions 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 Visions FCU compare to other SBA lenders?
Visions FCU has originated 51 SBA loans totaling $5.5M since 2001. 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 Visions FCU lend in?
Visions FCU provides SBA 7(a) financing with particularly strong presence in NY, PA, NJ. 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.