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Business Loans

If you are ready to start a new business or expand your existing business Cyprus Credit Union offers the lending services to help your business grow. We offer a variety of business loans with competitive interest rates to help you finance your 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, a Cyprus Credit Union business specialist can help make it happen.


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Commercial Real Estate Loans

A Commercial Real Estate Loan lets you purchase or construct the right building you’re your business. Loans can also be used to renovate or enlarge existing buildings.

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

SBA Loans

Government Guaranteed Loans
One of the most flexible 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
This secured long-term, fixed-rate loan can help your business acquire real estate, machinery, equipment for expansion or modernization.

  • Loans terms 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

Patriot Express
This loan is for veterans and members of the military wanting to expand a small business. The maximum loan amount is $500,000.