Term Loans for Businesses

Invest in your growing business.

A term loan is a great way to finance a new venture or an expansion. Every business is in a different state of growth or has unique needs. This is a popular loan to help meet those needs because there are a variety of terms and rates. A local and dedicated Commercial Banking Officer will work with you to determine the right terms and loan for your needs.

In addition, CMCU partners with several agencies to obtain GAP financing and low-cost solutions for your business' needs. Participation with these agencies help provide cost-effective solutions to your business. Some of the agencies CMCU participates with include:

  • Small Business Administration (SBA) - Click here to learn about our SBA Preferred Lender status
  • The Initiative Foundation
  • Local Economic Development Associations
  • US Department of Agriculture (USDA)
Bar owner happy with his fixed term loan to keep operations running.
 
 

Competitive Rates

As the largest commercial-lending credit union in Minnesota, we are able to provide our business members with low loan rates.

Flexible Terms

CMCU has a variety of terms available for business loans to fit your situation like 1, 3 or 5-year repayment terms.

Fixed Payments

Having fixed payments each month helps you budget better because you know what to expect.

Your Options Are Endless

Many businesses use term loans for the following purposes.

Start-Up business icon

Start-up business

Purchase of an existing business icon

Purchase of an existing business

Refinance icon

Refinance existing debt or debt consolidation

Working capital and inventory icon

Working capital and inventory

Equpment purchase icon

Equipment purchase

Emergency repairs or costs icon

Fund emergency repairs or costs

Get Started!


Contact Us

Fill out our online form with some information about your business and the products or services of interest. Your local Commercial Banking Officer will be in touch within 1-2 business days.

contact us

Locate a Branch

You can open a business account or loan at any CMCU location. Each location has a designated Commercial Banking Officer, but we recommend you call ahead to make an appointment.

BRANCH LOCATIONS

Call Us

We have a dedicated phone line for business members which will help you reach someone who can help faster and save you precious time.

(833) 267-7321

Business and Commercial Loan Options

Check out some of the other business loan options available with CMCU:

SBA
LOANS

SBA loans icon

Commercial
Real Estate

COMMERCIAL REAL ESTATE loans icon

Start-Up
Business

start-up business loans icon

Line of
Credit

Line of credit icon

Business
Construction

Facility construction loans icon

Additional Products and Services for Businesses

Check out all of your other options you can utilize with CMCU's suite of business products and services! Our business team will work with you individually to ensure you're on track to reaching your business goals.

Business Accounts

Store, save and spend your hard-earned cash with checking accounts, Money Markets. and more.

Digital Banking

Efficiently manage your business finances anywhere and on any device.

Industry Information

Learn more about the financial solutions specific to your business's industry.
 

Membership

Not a Member? Join us today!

  •  Wide variety of products
  • 21 convenient branch locations.
  •  Online and mobile banking
  •  24,000 ATM locations nationwide
  • Cash management services suite
  •  Low interest rates on loans
  •  High interest rates on savings
  •  Free checking

become a member

Share this page:
Video Call