Wright Patt Credit Union Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wright Patt Credit Union Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 5 | $4.5M | $903K | 10.9% |
| 238910 | Site Preparation Contractors | 2 | $2.6M | $1.3M | 4.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $9.3M | $4.6M | 4.3% |
| 237130 | Power and Communication Line and Related Structures Construction | 2 | $3.0M | $1.5M | 4.3% |
| 238160 | Roofing Contractors | 2 | $725K | $363K | 4.3% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $3.5M | $1.7M | 4.3% |
| 722513 | Limited-Service Restaurants | 2 | $1.0M | $512K | 4.3% |
| 541940 | Veterinary Services | 2 | $991K | $495K | 4.3% |
| 332813 | Electroplating, Plating, Polishing, Anodizing, and Coloring | 2 | $6.6M | $3.3M | 4.3% |
| 811111 | General Automotive Repair | 2 | $1.0M | $524K | 4.3% |
Geographic Distribution
SBA lending activity for Wright Patt Credit Union Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 43 | $50.9M | 93.5% |
| Kentucky (KY) | 3 | $3.5M | 6.5% |
Why Choose Wright Patt Credit Union Inc?
Based on SBA 7(a) lending track record from 2007-2025
- ✓Proven Track Record: 46 SBA loans approved, totaling $54.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Site Preparation Contractors, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 8.04% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $85K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OH, KY
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 Wright Patt Credit Union Inc SBA lending
What types of businesses does Wright Patt Credit Union Inc typically finance?
Wright Patt Credit Union Inc specializes in SBA 7(a) lending to specific industries including full-service restaurants, site preparation contractors, hotels (except casino hotels) and motels, power and communication line and related structures construction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wright Patt Credit Union Inc's typical SBA loan terms?
Wright Patt Credit Union Inc's SBA 7(a) loans typically feature an average interest rate of 8.04% and average term length of 156 months (approximately 13 years). Loan sizes range from $85K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a Wright Patt Credit Union Inc SBA loan?
Yes, Wright Patt Credit Union Inc 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 Wright Patt Credit Union Inc compare to other SBA lenders?
Wright Patt Credit Union Inc has originated 46 SBA loans totaling $54.3M since 2007. 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 Wright Patt Credit Union Inc lend in?
Wright Patt Credit Union Inc provides SBA 7(a) financing with particularly strong presence in OH, KY. 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.
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