SBA lender profile
Essential Credit Union
Essential Credit Union appears in the public SBA loan data with 60 funded 7(a) loans since FY2010, totaling $4.5M, an average of $75K per loan, and an estimated 284 jobs supported. Its SBA lending concentrates in Louisiana and the Other Services sector. Across its 7(a) loans, the charge-off rate is 5.0%. 1.7% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 63
- Scale 12
- Activity 18
- Consistency 63
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Essential Credit Union the right lender for you?
Lenders fund what they know. Essential Credit Union's SBA lending concentrates in Louisiana (60 loans) and Other Services (6 loans), at an average loan of $75K. 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 Essential Credit Union lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Louisiana | 60 | $4.5M |
Metro areas where Essential Credit Union funds
What Essential Credit Union funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 6 | $971K |
| Construction | 8 | $602K |
| Finance and Insurance | 3 | $514K |
| Transportation and Warehousing | 10 | $469K |
| Health Care and Social Assistance | 5 | $425K |
| Retail Trade | 9 | $365K |
Essential Credit Union SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1 | $35K |
| 2011 | 2 | $790K |
| 2017 | 6 | $553K |
| 2018 | 9 | $743K |
| 2019 | 5 | $220K |
| 2020 | 12 | $757K |
| 2021 | 9 | $664K |
| 2022 | 8 | $305K |
| 2023 | 3 | $188K |
| 2024 | 2 | $60K |
| 2025 | 3 | $184K |
Related SBA lenders
Other lenders active in Louisiana or in Other Services.
Comparing lenders? See how to choose an SBA lender by track record.
Essential Credit Union: frequently asked questions
Does Essential Credit Union offer SBA loans?
Yes. Essential Credit Union appears in the public SBA data with 60 funded SBA 7(a) loans totaling $4.5M.
How many SBA loans has Essential Credit Union made?
Essential Credit Union is associated with 60 SBA 7(a) loans totaling $4.5M in the public SBA data (as of 2026-03-31).
What is Essential Credit Union's SBA charge-off rate?
About 5.0% of Essential Credit Union'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 Essential Credit Union do most of its SBA lending?
Essential Credit Union's SBA lending in the data is most concentrated in Louisiana, and by industry in Other Services.
Is Essential Credit Union an SBA Preferred Lender (PLP)?
The loan record shows Essential Credit Union operating under PLP delegated authority: 1 of its 7(a) loans (1.7%) were processed through the Preferred Lenders Program. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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). Essential Credit Union SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/essential-credit-union/
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