Is it possible to run multiple void loops independently?

So I have been using the Arduino IDE and I am sort of a newbie when it comes to troubleshooting issues. I am creating code for my project and I ran into an issue that involved the framework of the code itself. (If this is confusing please let me elaborate). Here is the code: (ignoring the stuff before void setup)

void setup() {
pinMode(MODE_BUTTON_PIN, INPUT);
pinMode(CAPACITANCE_LED_1, OUTPUT);
pinMode(CAPACITANCE_LED_2, OUTPUT);
pinMode(INDUCTANCE_LED, OUTPUT);
pinMode(CAPACITANCE_IN, OUTPUT);
pinMode(CAPACITANCE_OUT, OUTPUT);
pinMode(CAPACITANCE_CHARGE_PIN, OUTPUT);
digitalWrite(CAPACITANCE_DISCHARGE_PIN, LOW);
Serial.begin(115200);
lcd.begin(16,2);
}

void loop() {

buttonState = digitalRead(MODE_BUTTON_PIN);

if (buttonState != lastButtonState) {

if (buttonState == HIGH) {
buttonPushCounter++;
Serial.println("on");
Serial.print("number of button pushes: ");
Serial.println(buttonPushCounter);
}
else {
Serial.println("off");
}
delay(50);
}

lastButtonState = buttonState;

if (buttonPushCounter % 3 == 0) { //Creating a PWM output with analog IN pins
analogWrite(CAPACITANCE_LED_1, 255);
analogWrite(CAPACITANCE_LED_2, 0);
analogWrite(INDUCTANCE_LED, 0);
delayMicroseconds(1);
analogWrite(CAPACITANCE_LED_1, 0);
delayMicroseconds(500);
Serial.print("Capacitance: ");

digitalWrite(CAPACITANCE_CHARGE_PIN, HIGH);
startTime = micros();
while(analogRead(CAPACITANCE_ANALOG) < 648){
}

elapsedTime= micros() - startTime;
microFarads = ((float)elapsedTime / resistorValue) ;

if (microFarads > 1){

lcd.clear();
lcd.setCursor(0,0);
lcd.print("SCALE: 0.1uF-4F");
lcd.setCursor(0,1);
lcd.print(microFarads);
lcd.setCursor(16,1);
lcd.print("uF");
delay(500);
}

else{
nanoFarads = microFarads * 1000.0;
lcd.clear();
lcd.setCursor(0,0);
lcd.print("SCALE: 0.1uF-4F");
lcd.setCursor(0,1);
lcd.print(nanoFarads);
lcd.setCursor(14,1);
lcd.print("nF");
delay(500);
}

digitalWrite(CAPACITANCE_CHARGE_PIN, LOW);
pinMode(CAPACITANCE_DISCHARGE_PIN, OUTPUT);
digitalWrite(CAPACITANCE_DISCHARGE_PIN, LOW); //discharging the capacitor
while(analogRead(CAPACITANCE_ANALOG) > 0){
}//This while waits till the capaccitor is discharged

pinMode(CAPACITANCE_DISCHARGE_PIN, INPUT); //this sets the pin to high impedance

lcd.setCursor(0,0);
lcd.print("DISCHARGING.....");
lcd.setCursor(0,1);

}
if (buttonPushCounter % 3 == 1) { //Creating a PWM output with analog IN pins
analogWrite(CAPACITANCE_LED_1, 0);
analogWrite(CAPACITANCE_LED_2, 255);
analogWrite(INDUCTANCE_LED, 0);
delayMicroseconds(1);
analogWrite(CAPACITANCE_LED_2, 0);
delayMicroseconds(500);
Serial.println("Capacitance:");
}
if (buttonPushCounter % 3 == 2) { //Creating a PWM output with analog IN pins
analogWrite(CAPACITANCE_LED_1, 0);
analogWrite(CAPACITANCE_LED_2, 0);
analogWrite(INDUCTANCE_LED, 255);
delayMicroseconds(1);
analogWrite(INDUCTANCE_LED, 0);
delayMicroseconds(500);
Serial.println("Inductance");
}
}

First of all, I am running a sketch for capacitance measurement device that my Nano runs. When I upload the sketch, the first thing that happens is that my LED flashes very briefely and does'nt perform the function I want it to. And I know that this is software related. What I am asking is is it possible to have a void loop run independently of another void loop, but given the same conditions? In other words, is it possible to have 2 different loops run, but independently of one another? Sorry if this thread is confusing.

No, you cannot.

Read the thread on doing multiple things at once, it shows how to use millis() for timing instead of delay(). That's usually what people are looking for when they ask questions like this.

Also, it's not called a "void loop" - void loop() {...} defines a function named loop which returns void (ie, nothing).

Re led blinking thing - When a hardware reset (opening serial port or pressing reset button) occurs on an Arduino board, the LED will blink several times; this is done by the bootloader, which is what allows you to upload code via serial instead of ISP programmer. Is this the blink you're talking about?

Why didn't you post your code as you did in your very first post on this forum in 2016? Using code tags!

Secondly, the part before setup is important! Because it probably will tell us that one of those output pins is pin 13. Now we have to guess (the CAPACITANCE_CHARGE_PIN ??).

If it's pin 13, learn to live with it if you don't want to modify (or get rid of) the bootloader. Only use it as an indicator, don't try to control stuff with it.

And this might be very obvious to you but not to me; why do you use analogWrite if you only write 255 or 0? You could just as well have used digitalWrite for that (what analogWrite does as well if you pass 255 or 0).