Commercial and Business Loans

If you’re starting out, buying an established business, looking to expand or buy property, Central Minnesota Credit Union has the financing solutions and expertise to make your business a success.

Central Minnesota Credit Union is the largest commercial lending credit union based in Minnesota. Our business lending depth has the capabilities to finance a small loan, large loan and anything in between. We provide financing solutions tailored to your commercial needs including SBA loan programs. CMCU is designated by SBA as a Preferred Lender which helps you get your business loan faster and more efficiently.


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Fixed Term Loans

A fixed term loan is a great way to finance a new venture or an expansion. Make the smart move and invest in your growing business!

  • Competitive rates
  • Terms to fit your business situation like 1, 3 or 5 years
  • Fixed payments making your finances more predictable

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

  • Small Business Association (SBA)
  • The Initiative Foundation
  • Local Economic Development Associations
  • US Department of Agriculture (USDA)

CMCU is designated as a Preferred Lender with the Small Business Administration (SBA).

This allows us to provide expedited credit decisions and processing for our members.  SBA loans can provide flexible financing options that include fully amortized longer loan terms with no balloon payment, lower monthly payments, and lower down payments.

CMCU is a preferred lender through SBA

What can you do with a commercial fixed term loan?

Your options are endless! Many businesses use fixed term loans for the following purposes:

Sweep Accounts Available!

A “sweep” is a type of automatic transfer created so that funds automatically move (or “sweep”) from your checking account to the loan account  in order to maintain a desired minimum and maximum balance in the checking account as well as pay off your loan faster. You can determine the desired balance. This automatic “sweep” function cuts out the "manual" work and saves you precious time.
*Note: The sweep transfer does NOT function as an Overdraft Transfer to cover checks in the event funds are not available. A sweep account will only transfer funds after all checks have cleared for the day. You can set up another account for overdraft protection in addition to the Sweep Account.
 

Commercial Real Estate

CMCU offers many great options for your business to invest in commercial property. Our business lenders work closely with you to fit you with the right loan option and ensure your business is on track for success!

  • Competitive Rates
  • Low fees
  • Customized options fit your your business needs

What can you do with a commercial real estate loan?

We offer a wide variety of real estate loans for commercial properties. No matter if your business is small or large, our business lenders offer guidance throughout the entire process to get you on track to your business goals.

  • Real estate purchase
  • New construction
  • Renovation
  • Business expansion
CMCU can help with your business plan
 

Line of Credit

Get a line of credit for your business today.

A line of credit (LOC) or Visa credit card could be your perfect complement to your business finances. Ensure your cash flows and operating expenses are in tip-top shape! Our business lenders will work with you to determine the best strategy for your business and its finances.

  • Easy access through Online Banking, Mobile App, or over the phone
  • Competitive rates and terms
  • Basic credit card option for everyday operating expenses
 

Sweep Accounts Available!

A “sweep” is a type of automatic transfer created so that funds automatically move (or “sweep”) from a Line of Credit (LOC) to a checking account and from the checking account to the Line of Credit in order to maintain a desired minimum and maximum balance in the checking account. You can determine the desired balance. This automatic “sweep” function cuts out the "manual" work and saves you precious time.
*Note: The sweep transfer does NOT function as an Overdraft Transfer to cover checks in the event funds are not available. A sweep account will only transfer funds after all checks have cleared for the day. You can set up another account for overdraft protection in addition to the Sweep Account.
 

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.

Ag Loans

We can help you build your farm to its full potential

Checking

Different checking accounts centered on your business.

Savings

Invest your business money and watch it grow.

Electronic Services

Access your business finances anywhere life takes you.
 
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