Workers FCU
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Workers FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 48 | $2.4M | $50K | 18.2% |
| 484110 | General Freight Trucking, Local | 32 | $3.2M | $99K | 12.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $4.3M | $179K | 9.1% |
| 444180 | Other | 16 | $1.7M | $106K | 6.1% |
| 485991 | Special Needs Transportation | 16 | $1.9M | $116K | 6.1% |
| 531210 | Offices of Real Estate Agents and Brokers | 16 | $1.4M | $88K | 6.1% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $904K | $57K | 6.1% |
| 541320 | Landscape Architectural Services | 8 | $600K | $75K | 3.0% |
| 423690 | Other Electronic Parts and Equipment Merchant Wholesalers | 8 | $560K | $70K | 3.0% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $2.6M | $320K | 3.0% |
Geographic Distribution
SBA lending activity for Workers FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 264 | $31.3M | 100.0% |
Why Choose Workers FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 264 SBA loans approved, totaling $31.3M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, General Freight Trucking, Local, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.67% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $20K to $462K, with an average of $119K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Workers FCU SBA lending
What types of businesses does Workers FCU typically finance?
Workers FCU specializes in SBA 7(a) lending to specific industries including landscaping services, general freight trucking, local, plumbing, heating, and air-conditioning contractors, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Workers FCU's typical SBA loan terms?
Workers FCU's SBA 7(a) loans typically feature an average interest rate of 6.67% and average term length of 118 months (approximately 10 years). Loan sizes range from $20K to $462K, with an average loan size of $119K.
Do I need a business valuation for a Workers FCU SBA loan?
Yes, Workers 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 Workers FCU compare to other SBA lenders?
Workers FCU has originated 264 SBA loans totaling $31.3M 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 Workers FCU lend in?
Workers FCU provides SBA 7(a) financing with particularly strong presence in MA. 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.
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Professional valuations are often required for SBA loans over $250,000.
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