Business Lending

Let's reach your goals together.

Our commercial loan team is dedicated, local, and here to provide financial solutions designed to spark your business growth.

United Bank of Union is committed to helping you build and grow your business. With our competitive commercial loan rates and flexible terms, we provide the support you need to succeed. Discover how our commercial loans can help you achieve your business goals today.

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Operating Lines of Credit

Empower your business with the financial flexibility it needs to thrive. Our Working Capital Loans provide the stability and support to manage day-to-day operations while you focus on growth and expansion. Get approved for a predetermined borrowing limit that's there whenever you need it.

Equipment Loans

Purchase the equipment you need to run your business properly. With flexible terms and competitive interest rates, our equipment financing can help you obtain the proper tools and equipment your company needs to stay competitive and efficient.

Commercial Real Estate

Professional expertise and flexible funding can turn an opportunity into reality. Buy, build, improve or refinance commercial real estate, whether you’re an investor or are financing a space for your own business.

U.S. Small Business Administration (SBA) Loans

Our team is ready to help you secure a loan to purchase a business, equipment or fixtures, access working capital and much more. Find out more by visiting our SBA webpage.

Commercial Construction Loans

Bring the vision for your freshly upgraded business to life. Let us help you find the affordable, flexible financing you need to make your business expansion goals a reality.

Commercial Lending FAQs

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WHAT INFORMATION IS NEEDED TO BEGIN THE LOAN PROCESS?

At a minimum, we will request a personal financial statement and three years of federal tax returns for the business as well as the owner. A personal financial statement is a personal balance sheet that lists all of your assets, liabilities, and your net worth. If you don’t already have one, we will provide you a simple form and help you complete it. Depending on the loan type, other documentation may be requested as well.

WILL UNITED BANK OF UNION LEND TO AN LLC (LIMITED LIABILITY COMPANY)?

Yes. Most entity types are eligible to receive commercial loans, including sole proprietors, limited partnerships, LLCs, corporations, and nonprofits.

WHAT DOES IT TAKE TO GET APPROVED?

Commercial loan approval is based on a variety of factors and varies depending on the type of loan. In general, we consider an applicant’s experience, business projections, repayment history, future repayment ability, liquidity, as well as other underwriting criteria that may apply based on the loan type and specific project.

how LONG DOES IT TAKE TO GET A COMMERCIAL LOAN?

This can vary depending on the loan type and is dependent on many variables including how quickly we are able to obtain all the necessary information from the borrower, what third party services are needed (ex. appraisals or title work), etc. What we do know is your lender will communicate with you every step of the way so that you’re never left with unanswered questions.

WHAT IS THE TYPICAL TERM FOR A COMMERCIAL LOAN?

Our commercial loan terms range from 3 months up to 25 years depending on other underwriting factors, including the type of collateral used and the needs of the borrower.