Wasatch Peaks FCU
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Wasatch Peaks FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 24 | $1.6M | $68K | 9.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $4.5M | $188K | 9.4% |
| 561710 | Exterminating and Pest Control Services | 24 | $3.9M | $165K | 9.4% |
| 541519 | Other Computer Related Services | 16 | $3.4M | $215K | 6.3% |
| 722513 | Limited-Service Restaurants | 16 | $2.6M | $165K | 6.3% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 8 | $2.8M | $350K | 3.1% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $1.5M | $189K | 3.1% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.6M | $200K | 3.1% |
| 541613 | Marketing Consulting Services | 8 | $8.6M | $1.1M | 3.1% |
| 722511 | Full-Service Restaurants | 8 | $600K | $75K | 3.1% |
Geographic Distribution
SBA lending activity for Wasatch Peaks FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 232 | $59.8M | 90.6% |
| Arizona (AZ) | 16 | $2.6M | 6.3% |
| Texas (TX) | 8 | $1.6M | 3.1% |
Why Choose Wasatch Peaks FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 256 SBA loans approved, totaling $64.1M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Snack and Nonalcoholic Beverage Bars, Exterminating and Pest Control Services
- ✓Competitive Terms: Average interest rate of 6.62% with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $10K to $1.4M, with an average of $251K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in UT, AZ, 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 Wasatch Peaks FCU SBA lending
What types of businesses does Wasatch Peaks FCU typically finance?
Wasatch Peaks FCU specializes in SBA 7(a) lending to specific industries including landscaping services, snack and nonalcoholic beverage bars, exterminating and pest control services, other computer related services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wasatch Peaks FCU's typical SBA loan terms?
Wasatch Peaks FCU's SBA 7(a) loans typically feature an average interest rate of 6.62% and average term length of 139 months (approximately 12 years). Loan sizes range from $10K to $1.4M, with an average loan size of $251K.
Do I need a business valuation for a Wasatch Peaks FCU SBA loan?
Yes, Wasatch Peaks 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 Wasatch Peaks FCU compare to other SBA lenders?
Wasatch Peaks FCU has originated 256 SBA loans totaling $64.1M 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 Wasatch Peaks FCU lend in?
Wasatch Peaks FCU provides SBA 7(a) financing with particularly strong presence in UT, AZ, TX. 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.
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