Start the Easy Process to Apply for a Credit Union Business Loan
Securing financing for your business shouldn’t be complicated. At Lanco Federal Credit Union, applying for business loans is designed to be simple, transparent, and stress-free for our business members. Our local lending team works closely with you to understand your goals and recommend the best financing solution tailored to your business needs.
Enjoy personalized guidance, faster decisions, and competitive rates, all key advantages of choosing a credit union business loan over traditional bank financing. Take the first step toward achieving your business goals and apply today.
Affordable Financing for Your Small- to Mid-Size Business
Finding the right funding shouldn’t be a challenge. At Lanco Federal Credit Union, our business loans are built to support small- and mid-size businesses throughout Lancaster County with competitive rates and flexible terms. Whether you need financing for commercial real estate, equipment purchases, business vehicles, or working capital, our business loans provide affordable solutions tailored to your needs.
We understand what local businesses need to thrive. That’s why every credit union small business loan comes with personalized guidance from a team that values relationships over transactions. From convenient business credit cards to long-term financing for property or expansion, we’re here to help your business grow with confidence.
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.
Commercial Mortgages
Looking to purchase or refinance a storefront, office, or investment property? With flexible term loans and lines of credit available, our credit union business loans help local businesses secure the space they need to grow.
Vehicle Loans
Keep your business moving with affordable business loans for vehicles and fleets. We offer financing on passenger vehicles and on commercial or fleet vehicles, with flexible terms up to seven years.
Equipment Loans
Upgrade your large equipment and machinery with credit union small business loans designed for growth. Lanco Federal Credit Union offers fixed-rate financing with repayment terms ranging from three to fifteen years for added flexibility
Visa Business Platinum Credit Cards
Enjoy everyday convenience and financial flexibility with a business credit card that fits your pace. The Visa Business Platinum Credit Card offers low rates, no annual fee, and credit limits of $1,000 to $50,000, based on qualifications.
Unsecured Business
Loans & Lines
Access quick funding without collateral through small business loans. Borrow for working capital, operational expenses, or other short-term needs. These unsecured loans feature variable rates, offering both flexibility and convenience.
Secured Lines of
Credit
Maintain steady cash flow and peace of mind with a credit union business loan secured by real estate, equipment, or vehicles. Loan amounts vary based on your specific collateral, giving your small business or commercial venture a way to access funds.
How Do I Apply for a Credit Union Business Loan?
Getting started with a credit union business loan is simple. Whether you already know which financing option fits your goals or need help choosing the best solution, the team at Lanco Federal Credit Union is here to guide you. Follow these three easy steps to begin your business loan application, and one of our lenders will reach out within three business days of receiving your completed materials.
Step 1. Confirm your eligibility
To qualify for a business loan through Lanco Federal Credit Union, your business should have at least two full years of financial history. Additionally, to be eligible for membership, your business must be headquartered in Lancaster County, PA. If you’re not yet a member, our team can assist you in meeting the membership requirements before you apply.
Step 2. Contact us to start the application
Ready to move forward? Complete the contact form below to tell us about your financing needs. Our experienced lending team will connect with you to discuss how our credit union small business loans can help your company grow. We will guide you through each step of the process.
Step 3. Provide the requested documents
You’ll need to submit a completed business loan application, a personal financial statement, and the three most recent years of federal tax returns for both the business and its owners. Depending on your loan type, additional documentation may be required. By reaching out before submitting your materials, we can confirm exactly what’s needed and provide secure instructions for returning your documents.
Frequently Asked Questions About Credit Union Business Loans
Have questions about financing your business through a credit union? You’re not alone. Understanding how credit union business loans work can help you make confident decisions about your company’s future. Below are answers to some of the most common questions business owners ask when exploring loan options with Lanco Federal Credit Union.
Do I have to be a member to apply for a business loan?
Yes. To qualify for a credit union business loan from Lanco Federal Credit Union, your business must meet membership eligibility requirements—typically by being headquartered within Lancaster County, PA. If you’re not yet a member, our team can guide you through the quick and easy process of joining before you begin your application.
How does a credit union offer lower interest rates than a bank?
Credit unions are member-owned, not-for-profit institutions. That means earnings are returned to members through lower loan rates, reduced fees, and better terms. This cooperative structure makes credit union small business loans more affordable than traditional bank financing.
What is the maximum amount I can borrow with a small business loan?
Loan amounts vary depending on the type of financing and your business’s financial health. Whether you need a short-term working capital loan, an equipment loan, or a business loan for commercial real estate, our lenders will work with you to determine an amount that fits your needs and budget.
How long does the credit union business loan application process take?
Once all required documents are received, most business loan applications are reviewed within a few business days. Because decisions are made locally, the process is often faster and more personal than with large banks or national lenders.
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.
Mollie Ciccone
Business Lending Manager
mciccone@lancofcu.com
office, direct: 717-308-9114
NMLS # 729360
Mollie has over 25 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 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.
For any questions relating to business loans, please contact the Lanco FCU team at businessloans@lancofcu.com or call us at (717) 569-7180 or (888) 318-4222.