States Served
Top Industries Financed
- 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
- Finish Carpentry Contractors
Quick Summary
Union Bank is an SBA-approved lender headquartered in MORRISVILLE, Vermont. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 54 SBA 7(a) loans totaling $4.0M, with an average loan size of $74K. They serve businesses across 2 states.
About Union Bank
Union Bank is an SBA-approved lender headquartered in MORRISVILLE, Vermont. Since 2020, they have approved 54 SBA 7(a) loans totaling $4.0M, with an average loan size of $74K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Frequently Asked Questions
Is Union Bank an SBA Preferred Lender?
Yes, Union Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Union Bank approved?
According to SBA FOIA public records, Union Bank has approved 54 SBA 7(a) loans totaling $4.0M since 2020. Their average loan size is $74K.
What states does Union Bank serve?
Union Bank serves businesses in 2 states: New Hampshire, Vermont.
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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