Find the best SBA Rates for your industry by searching our SBA Lender Directory

SBARates.com is a data-driven SBA lending intelligence platform. The site provides industry-specific lending insights, lender analytics, approval trends, and average SBA 7(a) loan rates to help entrepreneurs research SBA lenders and prepare for funding.

Union National Bank (IL)

SBA Loan Approvals as of Fiscal Year End 2025 12
SBA Loans Total Approval Amount as of Fiscal Year End 2025 $3,225,000
Average SBA Loan Size as of Fiscal Year End 2025 $268,750
Average SBA Loan Rate over Prime (Prime is 6.75%) 0.18

Unlock Your Financial Potential with Union National Bank (IL)

Union National Bank is a family-owned, Illinois-based community bank with more than 100 years of experience serving local businesses. Known for its relationship-driven approach, local decision-making, and conservative yet flexible lending philosophy, Union National Bank provides entrepreneurs with practical financing solutions — including SBA loan programs — designed to support sustainable growth.

Key Features of Union National Bank (IL)

  • Relationship-Focused Business Banking
    Union National Bank offers business checking and savings accounts, cash-management services, merchant services, ACH and wire capabilities, and digital banking tools designed to support day-to-day operations for small and midsize businesses.

  • SBA Loan Participation
    Union National Bank participates in U.S. Small Business Administration lending programs, including SBA 7(a) and SBA 504 loans. These government-backed loans can be used for:

    • Working capital
    • Equipment purchases
    • Owner-occupied commercial real estate
    • Business acquisition or succession planning
    • Expansion and renovation projects
  • Flexible Commercial Lending Solutions
    In addition to SBA financing, Union National Bank provides:

    • Business term loans
    • Operating lines of credit
    • Commercial real estate loans
    • Agricultural and farm lending
    • Equipment financing
    • Construction loans
  • Local Decision-Making
    Credit decisions are made locally by bankers who understand Illinois markets, industries, and seasonal cash-flow patterns — helping businesses move faster than with large national banks.

  • Digital & Treasury Tools
    Business clients benefit from online and mobile banking, remote deposit capture, electronic payments, and treasury services that improve efficiency and visibility into cash flow.

  • Commitment to Illinois Communities
    As a true community bank, Union National Bank reinvests locally, supports economic development, and builds long-term partnerships with business owners across Central and Eastern Illinois.

Why Choose Union National Bank for SBA Loans?

Union National Bank combines the personal attention of a community bank with the structure and stability of SBA-backed financing. Business owners benefit from:

  • Personalized SBA guidance
  • Competitive long-term loan terms
  • Local underwriting and faster communication
  • Experience with family-owned and agricultural businesses
  • Support for succession planning and acquisitions

Whether you’re purchasing property, upgrading equipment, buying out a partner, or expanding operations, Union National Bank offers SBA solutions built for long-term business success.

How to Get Started

Ready to explore SBA financing or another commercial lending option? Visit the
Union National Bank Business Banking page
to review available services, learn about SBA eligibility, and connect with a local business banker.

Empower your financial future today with Union National Bank — where Illinois businesses gain trusted guidance, flexible capital, and a true banking partner.

Industry