States Served
Top Industries Financed
- Testing Laboratories
- Other Personal and Household Goods Repair and Maintenance
- Other Direct Selling Establishments
- General Freight Trucking, Long Distance, Truckload
- Electrical Contractors
Quick Summary
Union National Bank is an SBA-approved lender headquartered in ELGIN, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 95 SBA 7(a) loans totaling $33.2M, with an average loan size of $349K. They serve businesses across 3 states.
About Union National Bank
Union National Bank is an SBA-approved lender headquartered in ELGIN, Illinois. Since 2020, they have approved 95 SBA 7(a) loans totaling $33.2M, with an average loan size of $349K. 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 3 states.
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Frequently Asked Questions
Is Union National Bank an SBA Preferred Lender?
Yes, Union National 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 National Bank approved?
According to SBA FOIA public records, Union National Bank has approved 95 SBA 7(a) loans totaling $33.2M since 2020. Their average loan size is $349K.
What states does Union National Bank serve?
Union National Bank serves businesses in 3 states: California, Illinois, Indiana.
How do I apply for an SBA loan with Union National Bank?
To apply for an SBA 7(a) loan with Union National 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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