Small businesses are crucial to the economy, and that’s true here in West Central Arkansas and the River Valley. However, while most Americans support small businesses, in practice, it can be difficult for new entrepreneurs and small businesses to get the financing they need to start and grow a company. As a locally founded community bank, Union Bank is committed to investing in small businesses to benefit the entire community. As an SBA Lender, we can offer qualified companies our best rates and extended terms for a variety of business needs.
What Types of SBA Loans does Union Bank Offer?
- SBA 7(a) Loan is partially guaranteed by the government, which makes it easier for small businesses to get financing for common business needs such as working capital, debt refinancing, and property renovation. Qualifying businesses can borrow up to $5 million.
- SBA 504 Loan is long-term financing for purchasing assets, primarily large equipment and commercial real estate. Qualifying businesses can borrow up to $5.5 million to buy a significant asset.
Apply for An SBA Loan With Union Bank
Union Bank commercial lenders are ready to learn more about your business and help assist you throughout the application process, from collecting financial documents to closing . Contact us or visit one of our convenient locations in Mena, Paris, Wickes, Hatfield, Caulksville, Clarksville, Ozark, Waldron, and Booneville to learn more about SBA loan options.