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.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
127
2010–2023
Total Volume
$42M
Gross loan amounts
States Active
6
With recorded loans
Programs
7(a)
127 total segments
Verve is a 7(a)-only lender, which means they focus solely on this program. If you're seeking a 504 loan, you'll need to look elsewhere.
With an average 7(a) spread of P+1.71%, Verve offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest.
Verve has seen an impressive 80% year-over-year growth, indicating they are expanding their lending capacity. This trend could mean more favorable terms for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes.
States where Verve, a Credit Union has recorded SBA lending activity.
+ 1 more state
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Specialty Trade Contractors
Construction
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
Other Repair & Services
Other Services
Personal Care (Salons, Spas)
Other Services
+ 7 more
All recorded SBA lending activity for Verve, a Credit Union, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.50% | $86K | Q3 2018 |
| Illinois · Manufacturing · Under $150K | 7(a) | 5 | P+1.38% | $128K | Q3 2019 |
| Wisconsin · Other Health Practitioners · Under $150K | 7(a) | 5 | P+1.25% | $101K | Q3 2021 |
| Wisconsin · Specialty Trade Contractors · Under $150K | 7(a) | 5 | P+1.00% | $79K | Q3 2017 |
| Wisconsin · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+1.00% | $81K | Q4 2019 |
| Wisconsin · Personal Care (Salons, Spas) · Under $150K | 7(a) | 4 | P+2.00% | $127K | Q2 2018 |
| Wisconsin · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+0.50% | $76K | Q4 2021 |
| Illinois · Wholesale Trade · Under $150K | 7(a) | 4 | P+1.44% | $85K | Q4 2018 |
| Illinois · Wholesale Trade · $150K – $350K | 7(a) | 3 | P+2.75% | $215K | Q3 2014 |
| Wisconsin · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+0.50% | $215K | Q2 2019 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+2.25% | $235K | Q2 2015 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.00% | $278K | Q2 2018 |
| Wisconsin · Wholesale Trade · Under $150K | 7(a) | 3 | P+1.00% | $93K | Q4 2020 |
| Illinois · Management & IT Consulting · Under $150K | 7(a) | 3 | P+1.00% | $108K | Q2 2017 |
| Wisconsin · Real Estate · Under $150K | 7(a) | 3 | P+2.75% | $30K | Q2 2020 |
| Illinois · General Merchandise · Under $150K | 7(a) | 2 | P+1.75% | $75K | Q1 2016 |
| Wisconsin · Manufacturing · Under $150K | 7(a) | 2 | P+4.63% | $62K | Q3 2014 |
| Tennessee · Transportation & Warehousing · Under $150K | 7(a) | 2 | P+4.50% | $60K | Q1 2015 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.31% | $269K | Q3 2014 |
| Illinois · Other Health Practitioners · Under $150K | 7(a) | 2 | P+2.13% | $90K | Q4 2016 |
| Wisconsin · Other Professional Services · Under $150K | 7(a) | 2 | P+1.75% | $25K | Q3 2017 |
| Illinois · Auto Repair & Maintenance · $500K – $1M | 7(a) | 2 | P+1.63% | $604K | Q4 2011 |
| Illinois · Manufacturing · $350K – $500K | 7(a) | 2 | P+1.50% | $430K | Q3 2017 |
| Illinois · Other Repair & Services · $150K – $350K | 7(a) | 2 | P+0.25% | $217K | Q2 2022 |
| Wisconsin · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 2 | P+1.13% | $168K | Q4 2016 |
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