States Served
Top Industries Financed
- Other Personal and Household Goods Repair and Maintenance
- Homes for the Elderly
- Limited-Service Restaurants
- Full-Service Restaurants
- All Other Support Services
Quick Summary
Union Bank is an SBA-approved lender headquartered in Grand Rapids, Michigan. Since 2020, they have approved 7 SBA 7(a) loans totaling $5.1M, with an average loan size of $735K. They primarily serve Michigan businesses.
About Union Bank
Union Bank is an SBA-approved lender headquartered in Grand Rapids, Michigan. Since 2020, they have approved 7 SBA 7(a) loans totaling $5.1M, with an average loan size of $735K. They primarily serve businesses in Michigan.
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Frequently Asked Questions
Is Union Bank an SBA Preferred Lender?
Union Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Union Bank approved?
According to SBA FOIA public records, Union Bank has approved 7 SBA 7(a) loans totaling $5.1M since 2020. Their average loan size is $735K.
What states does Union Bank serve?
Union Bank primarily serves businesses in Michigan.
How do I apply for an SBA loan with Union Bank?
To apply for an SBA 7(a) loan with Union Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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