Union National Bank

This is a financial institution offering SBA loan programs and small business financing solutions. You can find support for your business growth, including funding options tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

Union National Bank's lobby is open Monday through Friday from 9:00 AM to 5:00 PM, and the drive-up is open Monday through Friday from 8:00 AM to 5:00 PM. Confirm current hours directly with the bank.

There are no fees for initial consultations; however, loan processing and application fees may apply depending on the loan type.

This institution primarily serves small business owners and entrepreneurs within the region, but applications are open to qualified borrowers nationwide.

Typically, a minimum personal credit score of 640 is preferred, though higher scores improve approval chances.

The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Union National Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Union National Bank to confirm current weekend availability before you go.

Union National Bank is located in Illinois — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Union National Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Union National Bank itself, which runs its own lending under its own ownership. If you work at Union National Bank, you can claim this listing from this page to manage it.

The core details for Union National Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Union National Bank before applying. If you represent Union National Bank, claim this listing to keep its information up to date.

You can reach Union National Bank by phone at (847) 888-7500 or submit a contact form at https://unbelgin.com/contact/. For SBA loans specifically, ask for their business lending department.

Based on its approved SBA loans, Union National Bank most often finances businesses in manufacturing, construction & contractors, wholesale & distribution, general retail, transportation & trucking, and veterinary services. This reflects Union National Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Union National Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Union National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Union National Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Union National Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Union National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Union National Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Union National Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Union National Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Union National Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Union National Bank weighs this case by case under its own policy, so be upfront about your history and ask Union National Bank how it evaluates prior bankruptcies.