LITTLETON, Mass.–Hanscom Federal Credit Union was granted Preferred Lender status from the U.S. Small Business Administration, strengthening its ability to support small businesses with faster, more efficient access to SBA financing.
The SBA Preferred Lender designation gives HFCU delegated authority to make certain SBA loan decisions in-house, helping streamline approvals, reduce delays, and create a smoother experience for business members seeking capital.
“Earning SBA Preferred Lender status is an important milestone for Hanscom FCU and a major benefit for the small businesses we serve,” said Peter Rice, president and CEO of HFCU. “Small business owners need trusted financial partners who can move with speed, confidence, and care. This designation allows us to deliver a more responsive SBA lending experience while helping entrepreneurs access the capital they need to grow, create jobs, and strengthen local communities.”
The designation reflects HFCU’s growing experience in SBA lending and its commitment to serving business members with practical financing solutions. For small business owners, Preferred Lender status can mean a more direct process, quicker decision-making, and access to an HFCU team that understands both SBA lending requirements and local business needs.
“This is a big step forward for our business banking team and for the members and clients we support,” said Michael Duffany, Chief Lending Officer at HFCU. “Preferred Lender status gives us the ability to be more efficient and responsive while maintaining strong underwriting standards. It allows us to better serve small businesses that are looking to start, expand, acquire property, purchase equipment, or manage working capital.”
SBA 7(a) loans are commonly used for working capital, equipment, business acquisition, debt refinancing, and commercial real estate. The program is designed to help small businesses access financing that may not be available through conventional lending.
HFCU strengthened several small business relationships in 2025, including work with Indy Clover franchise owner Courtney Capano. After completing two SBA loans with HFCU, the credit union is now working with her on a third loan to support another location in Braintree, Massachusetts for the popular thrift and consignment business.
