Pelican Credit Union

This is a community-focused financial institution offering SBA-backed loans and banking services designed to support small business growth in Baton Rouge and the surrounding region.

It is recommended to schedule an appointment for personalized service, but walk-ins are also accommodated depending on availability.

Pelican Credit Union's Mid City branch in Baton Rouge operates Monday through Friday from 9:00 am to 5:00 pm (lobby hours, with Wednesdays starting at 10 am), and Monday through Friday from 8:00 am to 5:00 pm for drive-thru video teller service. Please confirm current hours directly with the credit union.

There may be fees associated with certain banking services or loan processing, but standard account access is usually free of charge.

Membership is generally required, and services are primarily available to members residing or operating within the community.

A minimum personal credit score of around 650 is typically preferred, but other factors also influence approval.

The underwriting process usually takes approximately 2 to 4 weeks, depending on the complexity of the application and documentation provided.

Pelican Credit Union's Mid City branch offers Saturday drive-thru video teller service from 9:00 am to 1:00 pm. No Sunday hours are available. Verify current weekend service with the credit union.

Pelican Credit Union is located in Louisiana — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Pelican Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Pelican Credit Union itself, which runs its own lending under its own ownership. If you work at Pelican Credit Union, you can claim this listing from this page to manage it.

The core details for Pelican Credit Union — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Pelican Credit Union before applying. If you represent Pelican Credit Union, claim this listing to keep its information up to date.

You can reach Pelican Credit Union by phone at (225) 927-1733 or online at pelicanstatecu.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Pelican Credit Union before relying on them.

Like most SBA lenders, Pelican Credit Union can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Pelican Credit Union directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Pelican Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Pelican Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Pelican Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Pelican Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Pelican Credit Union directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Pelican Credit Union what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Pelican Credit Union to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Pelican Credit Union to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Pelican Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Pelican Credit Union how it evaluates prior bankruptcies.