SBA lender profile
Essential Credit Union
Essential Credit Union appears in the public SBA loan data with 37 funded 7(a) loans totaling $2.2M, an average of $58K per loan, and an estimated 133 jobs supported. Its SBA lending concentrates in Louisiana and the Transportation and Warehousing sector. Across all of its loans in the data, its charge-off rate is 8.1%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
37
Total volume
$2.2M
Average loan size
$58K
Charge-off rate
8.1%
Share of funded loans charged off
Jobs supported (reported)
133
Programs
7(a)
Where Essential Credit Union lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Louisiana | 37 | $2.2M |
What Essential Credit Union funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Transportation and Warehousing | 9 | $444K |
| Construction | 5 | $440K |
| Real Estate | 2 | $265K |
| Health Care and Social Assistance | 4 | $249K |
| Wholesale Trade | 2 | $175K |
| Retail Trade | 4 | $145K |
Essential Credit Union SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 12 | $757K |
| 2021 | 9 | $664K |
| 2022 | 8 | $305K |
| 2023 | 3 | $188K |
| 2024 | 2 | $60K |
| 2025 | 3 | $184K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Essential Credit Union's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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