Start the Easy Process to Apply for a Credit Union Business Loan
Applying for a business loan at a credit union shouldn’t be complicated. You deserve a straightforward way to get the funds your business needs.
At Lanco Federal Credit Union, we make the loan process easy for our business members. Compared to banks, other credit unions, and government agencies, the service you receive at Lanco FCU makes the process convenient and personable. Get started today!
Affordable Financing for Your Small- to Mid-Size Business
When you need a loan to finance your commercial real estate property, commercial vehicle, equipment, or other working capital, there’s no better choice than Lanco FCU for your business borrowing needs! We offer excellent financing options for experienced small- to mid-size businesses in Lancaster County. We’re passionate about helping business owners succeed, which is why your needs are so important to us. Whether you are looking for the purchase convenience of a business credit card, need funds to secure real estate, or have another project in mind—we’d love to talk with you about how we can help you realize your business goals.
Find the Right Loan to Meet the Needs of Your Business
Lanco FCU has been serving the needs of businesses in Lancaster County for more than 50 years. We know that owning a business is a big responsibility and comes with plenty of stress, but getting money to fund a business purchase shouldn’t be one of them. Other lending institutions may charge you more in extra fees and higher interest rates for the same loan you could get from Lanco Federal Credit Union’s business loans without the additional expenses.
We have helped hundreds of businesses get the cash flow they need to fund their small business needs at affordable rates. Whether it’s real estate, vehicles, equipment, or general purposes, our Lancaster small business loans are available to help you succeed.
If you need a storefront or office building, we can help! Lanco FCU offers business mortgages for your commercial property or investment properties that you own. Terms up to 15 years are available for real estate loans, with rates adjusting every five years.
Finance your business vehicle with a low, fixed-rate loan from Lanco FCU. You can finance up to 100% LTV for passenger vehicles or up to 80% LTV for other vehicles or fleet vehicles. Terms of three to seven years are available, depending on the loan amount.
Need to upgrade your computer, machinery, or other business equipment? Lanco FCU offers low, fixed rates and financing up to 80% LTV for your business equipment. Terms of three to seven years are available, depending on the amount loaned.
Visa Business Platinum Credit Cards
A Visa Business Platinum credit card offers your business convenience and flexibility to borrow as needed. With low rates and no annual fee, this card is an excellent option for SMB. Credit limits range from $1,000 to $20,000, based on qualifications.
Unsecured Business Loans & Lines
Lanco FCU offers unsecured loans between $5,000 and $100,000 for your business’s general financing needs. No collateral is required. The rate is variable and based on Wall Street Journal Prime.
Secured Lines of Credit
Lanco FCU offers secured lines of credit for your small business or commercial lending needs.
Secured by real estate, UCC & equipment, vehicle. Amounts vary based on collateral.
How Do I Apply for a Credit Union Business Loan?
Applying is simple once you’ve decided which type of loan suits your financing needs. And, even if you’re not sure of that, our team is happy to discuss your business’s objectives to help determine how we can assist you. Follow the three-step instructions below to start your business loan application. A Lanco FCU representative will contact you to discuss the next steps within three business days after submitting a complete application.
Step 1. Confirm your eligibility
For a business loan from Lanco Federal Credit Union, your business must have at least two full years of financial records to be considered for approval.
Additionally, if your business is not yet a Lanco FCU member, ensure that you meet the credit union’s business membership eligibility by being headquartered within Lancaster County, PA.
Step 2. Contact us to start the application
To start the application for your business loan, simply complete the contact form below to let us know about your financing needs. Our experienced lenders will connect with you to discuss how Lanco FCU can help your business reach its goals and guide you through the application process.
Step 3. Return the requested documents
Generally, all applicants will need to provide a completed business loan application, personal financial statement, and the most recent two years of federal tax returns for the business owner(s) and the business, if applicable. Additional documents may be needed depending on your type of business and loan requested. By contacting us before you get started on completing the documents, our business lenders will be able to inform you of exactly which documents you will need to complete your loan application and provide you with instructions to securely return all required items to us.
Meet Our Business Lending Team
Our lending team in Lancaster, PA is ready to help meet your business’s financing needs. When you contact us, you’ll be working with our friendly and experienced commercial lenders.
Business Lending Manager
Mollie has over 20 years of experience in banking and management, having focused on Business Lending Management since 2015. Mollie values developing relationships with our member businesses to understand their needs and long-term goals, and she enjoys connecting members to the business loans and services that help their businesses succeed.
Business Loan Officer II
Nathan has five years’ experience in financial services and joined our Commercial Lending team in 2020. Specializing in Investment Property Lending, Nathan has a passion for learning about the industry and delivering the business loan and line of credit solutions that help our members reach their goals.
Business Banking Done Right
While Lanco FCU is a fantastic place to go for your business lending needs, we also offer other great benefits for our business members. Open a checking account for your business to conduct all of your business transactions without excessive fees or high minimum balance requirements. Free credit union accounts with no strings attached are just one of the many perks our business members love.
We also offer easy account management, money order purchases, free notary services, coin counters, postage stamp purchases, and more. Plus, you’ll get the same friendly, personalized service that you get with your personal banking needs. We’re truly a one-stop shop when it comes to any financial products your business may need.
Have Questions About Our Credit Union’s Business Loans? Contact Us!
When it comes to going to a credit union for a business loan, go with the institution that cares about your success and has a simple three-step application process—Lanco Federal Credit Union! Our friendly, personalized service makes it easy for business account members to get the funding they need. We are here to help you achieve your business goals.