Union BankВ® Business Management (SBA) Lending Programs
About Small Company Administration Loans: What’s an SBA Loan?
Union Bank can be an SBA lender that is preferred offering specific guidance through the program procedure and expedited closing for eligible loans. Being an SBA lender that is preferred we are rated # 3 Many Active SBA 7(a) Lender when you look at the state of Ca.
The SBA 7(a) program and SBA 504 loan program can play a vital role in your success whether building, growing, or expanding your business.
Exactly what are the great things about SBA loans?
Numerous business people choose SBA loans because of their longer payment terms and possibility of reduced down re re payments.
Our business that is small administration options
SBA 504 loan system
If you should be searching for real-estate and gear, the SBA 504 loan will be the right choice. To meet the requirements, your online business must:
- Be a for-profit business that is existing
- Have concrete web worth of less than $15 million
- Show net revenue after fees of $5 million or less
- Occupy at the least 51percent of current center being bought or at the least 60percent of the latest center being constructed