Cy Fair Federal Credit Union
Cy Fair Federal Credit Union is an active SBA lender in Texas, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.8 stars across 207 Google reviews.
About Cy Fair Federal Credit Union
Cy Fair Federal Credit Union offers a variety of SBA lending options tailored to meet the needs of small businesses seeking financial support. With a focus on small business growth, the institution provides flexible loan programs including the SBA 7(a) loan program, which is ideal for working capital, equipment purchase, and expansion projects. The credit union is committed to serving its members with personalized service and competitive rates, making it a reliable partner for entrepreneurs and small business owners in the Houston area and beyond. Their experienced lending team guides applicants through the process, ensuring clarity and support at every step. Whether you're starting a new venture or expanding an existing business, Cy Fair Federal Credit Union aims to facilitate your success with tailored financial solutions and dedicated customer service.
Common questions about Cy Fair Federal Credit Union
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions to help entrepreneurs grow their businesses.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment, but walk-ins may be accommodated depending on availability. Contact ahead to confirm.
What are the hours of operation?
Cy Fair Federal Credit Union operates Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. Confirm these hours with the lender.
Is there a fee to use this?
There are no fees to access basic banking services, but loan processing may involve standard origination and closing costs.
Who is this open to — anyone, or only residents/members?
This credit union primarily serves members and residents within its service area, but SBA loan programs are available to qualifying small businesses nationwide.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Cy Fair Federal Credit Union is open on Saturday mornings from 9 AM to 1 PM, though closed on Sundays. Confirm current weekend hours with the lender.
How do I get there and where do I park?
Cy Fair Federal Credit Union is located in Texas — 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 Cy Fair Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Cy Fair Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Cy Fair 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 Cy Fair 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 Cy Fair Federal Credit Union before applying. If you represent Cy Fair Federal Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Cy Fair Federal Credit Union by phone at (281) 571-5000 or online at cyfairfcu.org — 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 Cy Fair Federal Credit Union before relying on them.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Cy Fair Federal Credit Union can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Cy Fair Federal Credit Union directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Cy Fair Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Cy Fair Federal Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.
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. Cy Fair 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. Cy Fair Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Cy Fair 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 Cy Fair 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 Cy Fair 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 Cy Fair 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. Cy Fair Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Cy Fair Federal Credit Union how it evaluates prior bankruptcies.
