Webster First FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Webster First FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 3 | $264K | $88K | 23.1% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $280K | $140K | 15.4% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $30K | $30K | 7.7% |
| 722511 | Full-Service Restaurants | 1 | $300K | $300K | 7.7% |
| 541810 | Advertising Agencies | 1 | $50K | $50K | 7.7% |
| 445291 | Baked Goods Retailers | 1 | $100K | $100K | 7.7% |
| 711510 | Independent Artists, Writers, and Performers | 1 | $25K | $25K | 7.7% |
| 621610 | Home Health Care Services | 1 | $10K | $10K | 7.7% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $250K | $250K | 7.7% |
Geographic Distribution
SBA lending activity for Webster First FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 12 | $1.5M | 92.3% |
| Connecticut (CT) | 1 | $50K | 7.7% |
Why Choose Webster First FCU?
Based on SBA 7(a) lending track record from 2004-2018
- ✓Proven Track Record: 13 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Fitness and Recreational Sports Centers, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 6.19% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $10K to $300K, with an average of $116K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, CT
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 Webster First FCU SBA lending
What types of businesses does Webster First FCU typically finance?
Webster First FCU specializes in SBA 7(a) lending to specific industries including child care services, fitness and recreational sports centers, all other professional, scientific, and technical services, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Webster First FCU's typical SBA loan terms?
Webster First FCU's SBA 7(a) loans typically feature an average interest rate of 6.19% and average term length of 76 months (approximately 6 years). Loan sizes range from $10K to $300K, with an average loan size of $116K.
Do I need a business valuation for a Webster First FCU SBA loan?
Yes, Webster First 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 Webster First FCU compare to other SBA lenders?
Webster First FCU has originated 13 SBA loans totaling $1.5M since 2004. 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 Webster First FCU lend in?
Webster First FCU provides SBA 7(a) financing with particularly strong presence in MA, CT. 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.
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