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Union Bank business loans review

Fast funding with a quick turnaround from this West Coast bank.

Bottom line: This California, Oregon and Washington State bank has fast-track financing and traditional bank loans with special programs for underrepresented business owners.


Max. Amount$2,500,000
Loan Term12 to 84 months
APRNot stated


  • 48-hour approval on loans under $250,000
  • Programs for underrepresented business owners
  • Secured and unsecured options
  • Offers services in Japanese


  • Five-day approval on loans over $250,000
  • No online application
  • Doesn’t disclose rates or fees online

Union Bank rates, fees and terms

Like many banks, Union Bank doesn't disclose the rates and fees that come with its business loan. Typically, banks offer lower rates than online lenders — think around 4% or 5% APR. But you'll have to reach out to a banker to find out what you might expect.

Its term loans can run as high as $1 million with terms from 12 to 84 months. Other loan programs might have different loan amounts and terms.

How Union Bank compares with other lenders

Here's how Union Bank compares with two companies that specialize in connecting business owners with banks and other financing options.


Finder Rating: 4.75 / 5

Check eligibility

Loan amount

$500 to $5,000,000


Starting at 6%

Loan term

12 to 300 months


Operate business in US or Canada, have a business bank account, 560+ personal credit score

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Biz2Credit business loans
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$25,000 – $6,000,000
Starting at 5.99%
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Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

Lendio business loans
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Lendio business loans
$500 – $5,000,000
Starting at 6%
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Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

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Union bank reviews and complaints

BBB accredited No
BBB rating A+
Trustpilot Score 3.2 out of 5 stars, based on 1 customer reviews
Customer reviews verified as of 14 December 2020

Union Bank doesn't have online reviews or complaints to help you make a judgment about this lender. To get an idea of what you're signing up for, ask other business owners in your area if they've worked with this provider. This typically gives you more details than you'd get by reading online reviews anyway.

How to qualify

Union Bank doesn't list any specific requirements on its website. One benefit of working with a small bank is it can often be more flexible with requirements than big banks or online lenders.

If you think your business could benefit from a Union Bank loan, reach out to see if you're eligible. If not, a good loan officer should give you tips on how to strengthen your application.

How the application works

You can get started on your application by setting up an appointment with a Union Bank loan officer. You can do this over the phone or by filling out a quick form on its website. Usually, the loan officer will ask you to bring financial statements and tax returns to get a picture of what type of financing your business will benefit from the most.

If you apply for a loan under $250,000, you can get an offer in as soon as 48 hours. But applications for higher loan amounts take at least five days to process. If your application is approved, Union Bank can send the funds to your bank account or write a check payable to a third party.

What sets it apart

Union Bank's 48-hour approval is lightning-fast compared to other banks that can take weeks or months to process loan applications. It's also one of the few lenders to highlight its diversity lending program. This makes it a particularly good choice for small business owners who have struggled to get financing due to their race, gender or veteran status.

But it's not quite as fast as online lenders — or even other banks that offer online applications.

Compare Union Bank to top lenders with our guide to the best business loans.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Union Bank is a West Coast lender with offices in California, Oregon and Washington State. It offers the personalized borrowing experience you’d expect from a bank, along with the option for fast financing on loans up to $250,000. It’s one of the few lenders that also offers special loan programs for women, veteran and BIPOC business owners.

But, like most banks, you’ll have to talk to a loan officer to get an idea of the rates, terms and business loans that you might qualify for. Consider another lender if you’d rather compare rates before you apply — or don’t want to wait five days for a response on loans over $250,000.

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