SBA lender profile
CoVantage CU
CoVantage CU appears in the public SBA loan data with 23 funded 7(a) loans since FY2010, totaling $8.8M, an average of $383K per loan, and an estimated 177 jobs supported. Its SBA lending concentrates in North Carolina and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 75
- Scale 9
- Activity 0
- Consistency 49
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is CoVantage CU the right lender for you?
Lenders fund what they know. CoVantage CU's SBA lending concentrates in North Carolina (2 loans) and Accommodation and Food Services (9 loans), at an average loan of $383K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where CoVantage CU lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| North Carolina | 2 | $4.4M |
| Wisconsin | 18 | $4.1M |
| Michigan | 2 | $207K |
| Illinois | 1 | $175K |
Metro areas where CoVantage CU funds
What CoVantage CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 9 | $6.8M |
| Construction | 5 | $1.4M |
| Retail Trade | 4 | $310K |
| Health Care and Social Assistance | 1 | $128K |
| Manufacturing | 1 | $95K |
| Transportation and Warehousing | 2 | $60K |
CoVantage CU SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 10 | $1.6M |
| 2011 | 5 | $1.8M |
| 2016 | 3 | $554K |
| 2018 | 2 | $1.5M |
| 2019 | 1 | $3.1M |
| 2021 | 1 | $175K |
| 2026 | 1 | $95K |
Related SBA lenders
Other lenders active in North Carolina or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
CoVantage CU: frequently asked questions
Does CoVantage CU offer SBA loans?
Yes. CoVantage CU appears in the public SBA data with 23 funded SBA 7(a) loans totaling $8.8M.
How many SBA loans has CoVantage CU made?
CoVantage CU is associated with 23 SBA 7(a) loans totaling $8.8M in the public SBA data (as of 2026-03-31).
What is CoVantage CU's SBA charge-off rate?
About 0.0% of CoVantage CU's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does CoVantage CU do most of its SBA lending?
CoVantage CU's SBA lending in the data is most concentrated in North Carolina, and by industry in Accommodation and Food Services.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). CoVantage CU SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/covantage-cu/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.