Cyprus Credit Union offers a variety of business loans with competitive interest rates to help our members finance their unique business opportunities. We offer loans for working capital to purchase inventory, equipment, fixtures, real estate, and much more. If you are considering a loan for your business, please let a business specialist at Cyprus Credit Union help make it happen.

Commercial Real Estate Loans –

Commercial Real Estate Loans to purchase and construct buildings for business use and renovate or enlarge existing buildings.

• Office
• Retail Centers
• Warehouse/Industrial
• Multi Family

SBA Loans –

Government Guaranteed Loans
One of the most exciting loans we offer is the SBA (Small Business Administration) Loan. These loans, which are partially guaranteed by the SBA, carry market interest rates and loan terms from 5 to 20 years. SBA loans are targeted to the small business market and allow businesses to grow and contribute to a healthy economy.

504 Loan Program
Secured long term fixed rate loan to acquire real estate, machinery, equipment for expansion or modernization.

• Loans from 5 to 20 years
• Competitive rates

Eligible uses of 504 proceeds:

• Purchase land and existing facilities
• Renovate or expand existing facilities
• Purchase long term equipment
• Proceeds cannot be used for working capital, inventory or repayment of debt.
  

7a Loan Program
Secured non-revolving term loan up to two million. SBA’s most flexible loan program. Maximum term is based on the use of funds.

• 25 years to purchase Real Estate
• 10 years sr for working capital
• Loans can take 4 to 6 weeks to process

Eligible uses of 7(a) proceeds:

• Purchase land and existing facilities
• Renovate or expand existing facilities
• Purchase equipment and inventory
• Purchase an existing building
• Working capital
  

Express Loan Program
Secured loan up to $350,000, with a maximum guarantee of 50%. Loans can be revolving or term loans.

• The maximum revolving term can not exceed 7 years
• Loans can be processed in a short period of time, 5 to 10 business days

Express – Small Revolving Line of Credit
An unsecured revolving line of credit. Lines are approved in increments of $5,000 up to $25,000.

• Loan requires very little documentation
• Loans can be processed in a short period of time, 5 to 10 business days