STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
149
2012–2025
Total Volume
$257M
Gross loan amounts
States Active
23
With recorded loans
Programs
7(a) & 504
149 total segments
Everwise Credit Union has a balanced approach to lending, with 19% of its deals in the 504 program, slightly above the national average of ~18%. This makes them a viable option for borrowers seeking real estate financing alongside traditional business loans.
With an average 7(a) spread of P+2.17%, Everwise Credit Union offers competitive pricing compared to the national median of ~P+2.75%. This could result in lower overall borrowing costs for your loan.
The lender's growth trend shows a decline of 17% year-over-year, suggesting they may be tightening their lending criteria. This could impact your chances of approval, especially if you're a startup or seeking a larger loan.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 28 504 loans, which use fixed SBA debenture rates.
Top 15 of 23 states where Everwise Credit Union has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Hotels & Accommodation
Accommodation & Food Services
Restaurants & Food Service
Accommodation & Food Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Manufacturing
Manufacturing
Real Estate
Real Estate
Specialty Trade Contractors
Construction
Auto Dealers & Parts
Retail Trade
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for Everwise Credit Union, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Indiana · Restaurants & Food Service · Under $150K | 7(a) | 7 | P+2.25% | $76K | Q3 2024 |
| Indiana · Hotels & Accommodation · $2M – $5M | 7(a) | 7 | P+1.00% | $3.6M | Q4 2024 |
| Texas · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+2.00% | $5.0M | Q2 2025 |
| Kentucky · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+1.50% | $3.5M | Q4 2024 |
| Indiana · Specialty Trade Contractors · $500K – $1M | 7(a) | 3 | P+1.00% | $860K | Q3 2025 |
| Illinois · Restaurants & Food Service · $2M – $5M | 7(a) | 3 | P+2.50% | $2.6M | Q1 2020 |
| Indiana · Arts, Entertainment & Recreation · Under $150K | 7(a) | 3 | P+1.75% | $82K | Q3 2023 |
| Illinois · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+1.50% | $2.9M | Q3 2024 |
| Indiana · Restaurants & Food Service · $150K – $350K | 504 | 3 | — | $246K | Q4 2023 |
| Illinois · Restaurants & Food Service · $1M – $2M | 7(a) | 3 | P+2.25% | $1.4M | Q3 2019 |
| Indiana · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+1.75% | $81K | Q2 2023 |
| Michigan · Restaurants & Food Service · $1M – $2M | 7(a) | 3 | P+2.75% | $1.6M | Q2 2025 |
| Michigan · Education · $150K – $350K | 504 | 2 | — | $202K | Q3 2025 |
| Illinois · Hotels & Accommodation · $1M – $2M | 7(a) | 2 | P+1.63% | $1.3M | Q2 2018 |
| Indiana · Hotels & Accommodation · $1M – $2M | 7(a) | 2 | P+2.50% | $1.6M | Q4 2023 |
| Indiana · Manufacturing · $2M – $5M | 7(a) | 2 | P+1.25% | $3.4M | Q3 2024 |
| Iowa · Hotels & Accommodation · $1M – $2M | 7(a) | 2 | P+1.50% | $1.7M | Q4 2020 |
| Virginia · Hotels & Accommodation · $2M – $5M | 7(a) | 2 | P+2.75% | $5.0M | Q4 2024 |
| Michigan · Hotels & Accommodation · $2M – $5M | 7(a) | 2 | P+1.25% | $3.5M | Q2 2017 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 2 | P+1.00% | $50K | Q3 2025 |
| Indiana · Manufacturing · $350K – $500K | 7(a) | 2 | P+2.13% | $500K | Q3 2024 |
| Indiana · Restaurants & Food Service · $500K – $1M | 504 | 2 | — | $743K | Q2 2017 |
| Indiana · Food & Beverage Stores · $150K – $350K | 7(a) | 2 | P+1.06% | $315K | Q1 2023 |
| Indiana · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $208K | Q4 2016 |
| Indiana · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 2 | P+2.38% | $276K | Q2 2025 |
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Real experiences from borrowers who closed SBA loans with Everwise Credit Union.
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