Union National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Union National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541380 | Testing Laboratories | 32 | $8.0M | $250K | 4.2% |
| 238210 | Electrical Contractors | 24 | $5.6M | $233K | 3.2% |
| 339950 | Sign Manufacturing | 24 | $5.8M | $242K | 3.2% |
| 454390 | Other Direct Selling Establishments | 24 | $4.9M | $205K | 3.2% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 24 | $12.9M | $538K | 3.2% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 24 | $4.6M | $190K | 3.2% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 24 | $10.9M | $453K | 3.2% |
| 541613 | Marketing Consulting Services | 16 | $2.4M | $150K | 2.1% |
| 236220 | Commercial and Institutional Building Construction | 16 | $8.0M | $500K | 2.1% |
| 541620 | Environmental Consulting Services | 16 | $3.1M | $195K | 2.1% |
Geographic Distribution
SBA lending activity for Union National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 736 | $238.6M | 96.8% |
| California (CA) | 16 | $23.2M | 2.1% |
| Indiana (IN) | 8 | $3.8M | 1.1% |
Why Choose Union National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 760 SBA loans approved, totaling $265.6M in financing
- ✓Industry Expertise: Specialized focus on Testing Laboratories, Electrical Contractors, Sign Manufacturing
- ✓Competitive Terms: Average interest rate of 5.69% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $40K to $2.4M, with an average of $349K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IL, CA, IN
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 National Bank SBA lending
What types of businesses does Union National Bank typically finance?
Union National Bank specializes in SBA 7(a) lending to specific industries including testing laboratories, electrical contractors, sign manufacturing, other direct selling establishments. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Union National Bank's typical SBA loan terms?
Union National Bank's SBA 7(a) loans typically feature an average interest rate of 5.69% and average term length of 180 months (approximately 15 years). Loan sizes range from $40K to $2.4M, with an average loan size of $349K.
Do I need a business valuation for a Union National Bank SBA loan?
Yes, Union National 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 National Bank compare to other SBA lenders?
Union National Bank has originated 760 SBA loans totaling $265.6M 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 National Bank lend in?
Union National Bank provides SBA 7(a) financing with particularly strong presence in IL, CA, IN. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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