West Community Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by West Community Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722320 | Caterers | 1 | $30K | $30K | 33.3% |
| 621310 | Offices of Chiropractors | 1 | $50K | $50K | 33.3% |
Geographic Distribution
SBA lending activity for West Community Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 3 | $105K | 100.0% |
Why Choose West Community Credit Union?
Based on SBA 7(a) lending track record from 2011-2012
- ✓Proven Track Record: 3 SBA loans approved, totaling $105K in financing
- ✓Industry Expertise: Specialized focus on Caterers, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.92% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $25K to $50K, with an average of $35K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 West Community Credit Union SBA lending
What types of businesses does West Community Credit Union typically finance?
West Community Credit Union specializes in SBA 7(a) lending to specific industries including caterers, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are West Community Credit Union's typical SBA loan terms?
West Community Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.92% and average term length of 106 months (approximately 9 years). Loan sizes range from $25K to $50K, with an average loan size of $35K.
Do I need a business valuation for a West Community Credit Union SBA loan?
Yes, West Community 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 West Community Credit Union compare to other SBA lenders?
West Community Credit Union has originated 3 SBA loans totaling $105K since 2011. 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 West Community Credit Union lend in?
West Community Credit Union provides SBA 7(a) financing with particularly strong presence in MO. 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.