Essential Credit Union approved 17 SBA loans worth $766K between October 2021 and June 2026, ranking #968 of 2,283 SBA lenders nationally by loan count. Its median loan was $30,000, and 41% went to startups or businesses under two years old. It lent in 1 states, most often in Louisiana, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Louisiana | 17 | $766K | $30,000 | #33 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 3 | $61,500 | |
| Health care and social assistance | 3 | $58,800 | |
| Transportation and warehousing | 3 | $20,000 | |
| Administrative and support services | 2 | $14,100 | |
| Wholesale trade | 2 | $87,500 | |
| Restaurants and hotels | 2 | $30,000 | |
| Professional and technical services | 1 | $30,000 | |
| Retail | 1 | $30,000 |