Canyon View Federal Credit Union
Canyon View Federal Credit Union is an active SBA lender in Utah, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.7 stars across 9 Google reviews.
$133M
in SBA approvals since 2010
436
SBA loans funded
Hotels & Lodging · Construction & Contractors · Real Estate & Property Management
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Canyon View Federal Credit Union
Canyon View Federal Credit Union offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support for growth and expansion. With a focus on SBA programs, it provides flexible loan options that cater to various industry sectors, including construction, manufacturing, and services. The credit union prides itself on personalized service and competitive rates, making it an ideal partner for entrepreneurs looking to secure funding through SBA 7(a) loans. Whether you're starting a new business or expanding an existing one, Canyon View Federal Credit Union can assist with tailored financing solutions, including SBA-backed loans up to $120,000. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located conveniently in Salt Lake City, they serve a broad geographic area with a commitment to fostering local economic growth. Their expertise in SBA lending helps small businesses access the capital they need to succeed, with a focus on building long-term relationships and community development.
Industries Canyon View Federal Credit Union finances
Business types Canyon View Federal Credit Union actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Canyon View Federal Credit Union
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and personalized banking services tailored to small business needs in the Salt Lake City area. You can find expert guidance on SBA financing options, including 7(a) loans, along with community-focused banking support. The staff is dedicated to helping small businesses access the capital they need for growth and success.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.
What are the hours of operation?
Canyon View Federal Credit Union's University of Utah Student Union branch is open Monday through Friday, 9:00 AM to 3:00 PM. There is no drive-thru at this location. Contact the branch directly at 801-463-3529 to confirm availability for appointments outside regular hours.
Is there a fee to use this?
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the specific financing arrangement. It's best to discuss fee details during your consultation.
Who is this open to — anyone, or only residents/members?
This credit union primarily serves members and residents within its designated community and membership criteria. Small business owners within the service area are typically eligible to apply for SBA loans through this institution.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but the exact requirement may vary based on the loan type and overall financial profile of the borrower.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan application and the completeness of submitted documentation.
Is this open on weekends?
Canyon View Federal Credit Union's University of Utah Student Union branch is closed on weekends. Regular business hours are Monday through Friday, 9:00 AM to 3:00 PM.
How do I get there and where do I park?
Canyon View Federal Credit Union is located in Utah — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Canyon View Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Canyon View Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Canyon View Federal Credit Union, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Canyon View Federal Credit Union — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Canyon View Federal Credit Union before applying. If you represent Canyon View Federal Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Canyon View Federal Credit Union through their website at canyonviewcu.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Canyon View Federal Credit Union before relying on them.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Canyon View Federal Credit Union most often finances businesses in construction & contractors, general retail, medical practices & clinics, transportation & trucking, automotive repair & services, and restaurants & food service. This reflects Canyon View Federal Credit Union's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Canyon View Federal Credit Union which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
Yes, Canyon View Federal Credit Union offers SBA Express loans up to $350,000 (with unsecured loans available up to $100,000), with fixed and variable rate options and no prepayment penalties. Confirm current rates and terms directly with the lender.
Does this lender have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Canyon View Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Canyon View Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Canyon View Federal Credit Union directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Canyon View Federal Credit Union what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Canyon View Federal Credit Union to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Canyon View Federal Credit Union to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Canyon View Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Canyon View Federal Credit Union how it evaluates prior bankruptcies.
