Local bank recognized by SBA

The Union Bank Company joins a select group of bankers by achieving Preferred Lender status

COLUMBUS, Ohio--(BUSINESS WIRE)--The Union Bank Company is announcing their accomplishment of achieving the status of Preferred Lender with the Small Business Administration (SBA). The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business. They are the nation’s most expansive network of financing and management support and help more than 50,000 businesses annually.

“It’s quite an honor to have this distinction with the SBA, as it allows The Union Bank Co. to provide even more opportunities to businesses across Central and Northwest Ohio,” said Rose Roman, Governmental Lending Manager at The Union Bank Company. She added, “We know the industry and how to connect the right funding options with the needs of the businesses that we serve.”

The Washington Business Journal states, “Small banks may work best for small businesses before, during and after a crisis.” The Union Bank Co. helps to provide SBA loans which can be used for numerous phases of acquiring or starting a business. It can also be used to obtain working capital to support accounts receivable and inventory, equipment purchases to expand, owner-occupied commercial real estate, and leasehold improvements for buildouts.

On Wednesday, March 29, SBA members, Jerome W. Jones, Everett M. Woodel, Jr., David M. Townsend and Terry A. Bolden traveled to The Union Bank Company’s Gahanna branch, 461 Beecher Road, to announce that the bank is now designated an SBA Preferred Lender and to honor the achievement with a plaque.

This Preferred Lender designation is held by only 23 of Ohio’s 192 affiliate lenders. “The Union Bank Co. is consistently at the top of the SBA Columbus District’s list of high-performing community banks,” said SBA District Director Everett M. Woodel, Jr. “Receiving this designation will enable the bank to further provide much-needed capital and SBA-backed resources to small business as they move beyond the COVID-19 crisis.”

To learn more about this Ohio-based bank or for assistance with your business’s financial needs, visit https://www.theubank.com/.

ABOUT THE UNION BANK COMPANY

Since 1904, The Union Bank Company has been here to provide full-service banking to the people and businesses throughout the communities we serve. Today, the bank has grown to include 18 offices across northwest and central Ohio, including Bowling Green, Columbus Grove, Delphos, Findlay, Gahanna, Gibsonburg, Kalida, Leipsic, Lewis Center, Lima (Bellefontaine Avenue, Elida Road, Shawnee Road), Marion (Main Street, Richland Road), Ottawa, Paulding, Pemberville and Westerville. The Union Bank Company is headquartered in Columbus Grove, Ohio, and remains committed to providing the very best banking service and products to all the communities we serve. The Union Bank Company is Member FDIC and an Equal Housing Lender. Learn more at www.theubank.com.