Union Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Union Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 56 | $15.7M | $280K | 11.5% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 32 | $2.6M | $81K | 6.6% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 24 | $1.7M | $70K | 4.9% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $808K | $34K | 4.9% |
| 561311 | Employment Placement Agencies | 16 | $200K | $13K | 3.3% |
| 311812 | Commercial Bakeries | 16 | $1.9M | $119K | 3.3% |
| 238210 | Electrical Contractors | 16 | $1.1M | $71K | 3.3% |
| 238350 | Finish Carpentry Contractors | 16 | $760K | $48K | 3.3% |
| 238990 | All Other Specialty Trade Contractors | 16 | $984K | $62K | 3.3% |
| 325620 | Toilet Preparation Manufacturing | 16 | $556K | $35K | 3.3% |
Geographic Distribution
SBA lending activity for Union Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 56 | $41.1M | 11.5% |
| Vermont (VT) | 304 | $21.2M | 62.3% |
| New Hampshire (NH) | 128 | $10.8M | 26.2% |
Why Choose Union Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 488 SBA loans approved, totaling $73.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Commercial and Industrial Machinery and Equipment (except Automotive a, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.12% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $4K to $1.3M, with an average of $150K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in VT, NH, MI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Union Bank SBA lending
What types of businesses does Union Bank typically finance?
Union Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, commercial and industrial machinery and equipment (except automotive a, automotive body, paint, and interior repair and maintenance, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Union Bank's typical SBA loan terms?
Union Bank's SBA 7(a) loans typically feature an average interest rate of 6.12% and average term length of 109 months (approximately 9 years). Loan sizes range from $4K to $1.3M, with an average loan size of $150K.
Do I need a business valuation for a Union Bank SBA loan?
Yes, Union Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Union Bank compare to other SBA lenders?
Union Bank has originated 488 SBA loans totaling $73.2M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Union Bank lend in?
Union Bank provides SBA 7(a) financing with particularly strong presence in VT, NH, MI. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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