Benchmark Federal Credit Union (FCU) recently announced the launch of a commercial banking division that specializes in commercial lending services, commercial real estate and small business loans.

To celebrate, Benchmark FCU is introducing a small business financing offer for non-real estate loans of $25,000 to $500,000 with funding in as little as one week. It is suitable for businesses that require immediate financing due to unforeseen circumstances like an equipment failure or major building repair. Loan terms are one to five years, and loans are fully amortizing.

According to Daniel J. Machon Jr., president and CEO, Benchmark FCU's commercial banking division has been developing gradually since the onset of the pandemic, when Benchmark FCU launched several programs to support small businesses and nonprofits. This support included up to $1 million in interest-free loans for Chester County businesses through the Benchmark Cares Loan Program.

Benchmark FCU's commercial banking division also offers ultimate business checking with no minimum deposit, free digital banking and up to 200 free transactions every month. Commercial lending services include commercial mortgages, commercial real estate secured lines of credit, residential investment property mortgages, term loans, as well as small business loans with better rates and fewer fees.

With three branches located in Westtown, downtown West Chester and Phoenixville, Benchmark FCU has more than 5,000 shared branches; a total of 2,000 self-service locations across all 50 states; and refunds on ATM withdrawal fees nationwide.

Benchmark FCU was recently honored with the 2021 Corporate Partner Award by The Arc of Chester County and was named the 2020 Business of the Year by the Greater West Chester Chamber of Commerce.