Cyprus Federal Credit Union

This is a community-focused financial institution offering SBA loans and banking services tailored for small businesses and members, supporting local economic growth.

It's recommended to schedule an appointment for personalized service, but walk-ins are also accommodated during business hours.

Cyprus Federal Credit Union's Jordan Landing branch operates Monday–Friday 9am–6pm and Saturday 9am–2pm; closed Sundays. Confirm current hours with the branch at (801) 260-7600.

There are standard fees associated with banking services and SBA loans, which vary depending on the specific product and transaction.

Membership is primarily open to residents and small business owners in the community, with some services available to non-members upon qualification.

A minimum personal credit score of 640 is generally preferred, but approval depends on overall financial health and business viability.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Cyprus Federal Credit Union's Jordan Landing branch is open on Saturday from 9am–2pm, though closed Sundays. Confirm weekend hours with the lender.

Cyprus 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.

This page is an independent directory listing for Cyprus Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Cyprus Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Cyprus Federal Credit Union, you can claim this listing from this page to manage it.

The core details for Cyprus 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 Cyprus Federal Credit Union before applying. If you represent Cyprus Federal Credit Union, claim this listing to keep its information up to date.

Reach Cyprus Federal Credit Union by phone at (801) 260-7600, or via email at member_service@cypruscu.com for member service inquiries. You can also schedule an appointment at https://securetext.cypruscu.com/appointments/. Confirm contact details with the lender.

Based on its approved SBA loans, Cyprus Federal Credit Union most often finances businesses in construction & contractors, transportation & trucking, general retail, restaurants & food service, and wholesale & distribution. This reflects Cyprus 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 Cyprus Federal Credit Union which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Cyprus Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Cyprus Federal Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Cyprus Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Cyprus Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Cyprus Federal Credit Union directly whether it considers start-up loans.

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 Cyprus Federal Credit Union what down payment it expects for your specific commercial real estate purchase.

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 Cyprus Federal Credit Union to spell out any prepayment penalties before you sign.

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 Cyprus Federal Credit Union to confirm it qualifies and how to document it.

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. Cyprus Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Cyprus Federal Credit Union how it evaluates prior bankruptcies.