WeStreet FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by WeStreet FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $4.2M | $2.1M | 6.5% |
| 237310 | Highway, Street, and Bridge Construction | 2 | $250K | $125K | 6.5% |
| 236220 | Commercial and Institutional Building Construction | 2 | $92K | $46K | 6.5% |
| 238320 | Painting and Wall Covering Contractors | 1 | $49K | $49K | 3.2% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $1.2M | $1.2M | 3.2% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $60K | $60K | 3.2% |
| 624410 | Child Care Services | 1 | $175K | $175K | 3.2% |
| 623210 | Residential Intellectual and Developmental Disability Facilities | 1 | $324K | $324K | 3.2% |
| 238190 | Other Foundation, Structure, and Building Exterior Contractors | 1 | $21K | $21K | 3.2% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $80K | $80K | 3.2% |
Geographic Distribution
SBA lending activity for WeStreet FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 31 | $9.6M | 100.0% |
Why Choose WeStreet FCU?
Based on SBA 7(a) lending track record from 2009-2019
- ✓Proven Track Record: 31 SBA loans approved, totaling $9.6M in financing
- ✓Industry Expertise: Specialized focus on New Single-Family Housing Construction (except For-Sale Builders), Highway, Street, and Bridge Construction, Commercial and Institutional Building Construction
- ✓Competitive Terms: Average interest rate of 6.31% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $20K to $4.1M, with an average of $308K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 WeStreet FCU SBA lending
What types of businesses does WeStreet FCU typically finance?
WeStreet FCU specializes in SBA 7(a) lending to specific industries including new single-family housing construction (except for-sale builders), highway, street, and bridge construction, commercial and institutional building construction, painting and wall covering contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are WeStreet FCU's typical SBA loan terms?
WeStreet FCU's SBA 7(a) loans typically feature an average interest rate of 6.31% and average term length of 96 months (approximately 8 years). Loan sizes range from $20K to $4.1M, with an average loan size of $308K.
Do I need a business valuation for a WeStreet FCU SBA loan?
Yes, WeStreet 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 WeStreet FCU compare to other SBA lenders?
WeStreet FCU has originated 31 SBA loans totaling $9.6M since 2009. 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 WeStreet FCU lend in?
WeStreet FCU provides SBA 7(a) financing with particularly strong presence in OK. 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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