Exploring the Different Credit Union Business Loans at CCCU

Choosing the right type of loan can be crucial for starting or expanding your business in Las Vegas. Clark County Credit Union (CCCU) offers a variety of business loans tailored to meet the diverse needs of entrepreneurs and business owners.

Here’s a look at the different types of credit union business loans available at CCCU and how they can help your business thrive.

Happy loan manager shaking hands with business partners after successful meeting about credit union business loans in the office.

1. Business Lines of Credits

A business line of credit is a financing option designed to help business owners manage their cash flow, cover unexpected or short-term expenses. This type of loan provides access to funds up to a certain limit, allowing your business to borrow as needed and repay only what you use.

Key Benefits:

  • Revolving credit with flexible access to funds.
  • Interest charged only on the amount borrowed.
  • Ideal for managing working capital.

2. Commercial Real Estate Loans

If you’re looking to purchase or build a commercial property. CCCU offers commercial real estate loans that can help you invest in the property that meets your business needs. Our commercial real estate loans come with competitive rates and flexible terms, making it achievable to open or expand your business footprints.

Key Benefits:

  • Financing for purchasing or developing commercial properties.
  • Competitive interest rates.
  • Flexible repayment options.

3. Equipment Financing

Purchasing new equipment can be a significant investment for your business. It improves workflow and helps your employees to be more efficient, allowing them to do other tasks. CCCU’s equipment financing loans are designed to help businesses purchase the machinery or technology they need to operate efficiently.

Key Benefits:

  • Financing for new or used equipment
  • Flexible terms tailored to equipment’s lifespan
  • Preserve working capital while acquiring essential assets

Read our quick guide to securing a business loan for equipment.

4. Small Business Administration (SBA) Loans

CCCU offers SBA loans which can get you favorable terms and conditions while offering lower downpayments and flexible repayment terms, helping you get the funding you need.

Key Benefits:

  • Lower down payments
  • Longer repayment terms

5. Business Credit Cards

Business credit cards provide a convenient way to manage your daily expenses while keeping track of your spending and earning rewards. These cards are also perfect for new or small businesses that are looking to establish their business credit.

Key Benefits:

  • Manage everyday expenses
  • Track and control business spending
  • Earn rewards on purchases

At CCCU, we offer a range of credit union business loans designed to support the diverse needs of local businesses at every stage of growth. Whether it’s for business expansion, equipment acquisition or money management, CCCU has the right loan product to help your business grow and thrive. For more information about our business loans, visit our commercial loan webpage or contact our commercial team at 702-228-2228.