Union State Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Union State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $3.1M | $386K | 14.3% |
| 722511 | Full-Service Restaurants | 8 | $480K | $60K | 14.3% |
| 488410 | Motor Vehicle Towing | 8 | $800K | $100K | 14.3% |
| 332710 | Machine Shops | 8 | $586K | $73K | 14.3% |
| 541940 | Veterinary Services | 8 | $2.1M | $260K | 14.3% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 8 | $2.2M | $270K | 14.3% |
| 445210 | Meat Markets | 8 | $507K | $63K | 14.3% |
Geographic Distribution
SBA lending activity for Union State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 48 | $7.5M | 85.7% |
| Iowa (IA) | 8 | $2.2M | 14.3% |
Why Choose Union State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $9.7M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of 6.07% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $60K to $386K, with an average of $173K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KS, IA
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 State Bank SBA lending
What types of businesses does Union State Bank typically finance?
Union State Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, motor vehicle towing, machine shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Union State Bank's typical SBA loan terms?
Union State Bank's SBA 7(a) loans typically feature an average interest rate of 6.07% and average term length of 118 months (approximately 10 years). Loan sizes range from $60K to $386K, with an average loan size of $173K.
Do I need a business valuation for a Union State Bank SBA loan?
Yes, Union State 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 State Bank compare to other SBA lenders?
Union State Bank has originated 56 SBA loans totaling $9.7M 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 State Bank lend in?
Union State Bank provides SBA 7(a) financing with particularly strong presence in KS, IA. 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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Explore Industry Reports →Need a Business Valuation?
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