SBA Lending
Learn how we can help you acquire, expand, or start your business.
Advantages of working with Atlantic Union Bank
Lower Down Payments
Streamlined Process
Longer Repayment Terms
Financing up to $5,000,000
Why choose Atlantic Union Bank for an SBA Loan?
Our SBA Team, working with Relationship Managers, is highly trained to understand your unique lending needs. What’s more, they are dedicated to tailoring loan terms and structure to meet your business’ goals.
If you are looking to acquire an existing business, buy out a partner, purchase real estate or equipment, expand to a new location, start a business or combinations of any of these purposes into a single loan, we are here to assist. A Small Business Administration (SBA) loan may be the perfect solution for you.
Our Accomplishments
As a lender in the Preferred Lender Program (PLP), we have streamlined our process to ensure we are able to meet the needs of the small businesses in the markets we serve in a timely manner. Atlantic Union Bank was the top producer of SBA 7(a) loans, for lenders headquartered in Virginia, by dollars, for the SBA’s fiscal year ending 2024.
Atlantic Union Bank was instrumental in our ownership transition and the SBA loan process.
Core Consulting, Matt Roberts
Thanks to Atlantic Union Bank, we’re able to grow, secure capital and move quicker than our competitors.
Cross Underground Construction, John Cross
SBA Loan options we offer
Benefits:
- Provides financial assistance for small businesses with special requirements.
- Available for acquisitions of existing business, partner buy-outs, real estate and equipment purchases, business expansions and business start-ups. These purposes can also be combined into a single loan.
- Ability to refinance business debt under certain conditions.
- Loan amount up to $5 million based on eligibility factors.
- Equity injections (down payments) as low as 10%.
- Longer repayment terms (up to 25 years for owner-occupied real estate fully amortized)
- No balloon payments.
- No pre-payment penalties for loans with maturities of less than 15 years.
- Flexible collateral structure.
Requirements:
- Be designated as a small business by the SBA.
- Operate as a for profit business in the U.S.
- Demonstrate a need to apply for a loan.
- No existing debt obligations to the U.S. Government.
- Other restrictions could apply. Contact a Relationship Manager for more details.
Benefits:
- Ideal for small businesses looking to expand or improve their operations.
- Provides a long-term, fixed rate financing to promote growth and job creation.
- Low down payment (normally 10%) to preserve your working capital.
- Can be used for the purchase of new facilities or long-term machinery or equipment.
- Improving land, utilities, landscaping or existing facilities.
Requirements:
- Be designated as a small business by the SBA.
- Operate as a for profit business in the U.S.
- Net worth of less than $15 million.
- No existing debt obligations to the U.S. Government.
- An average net income of less than $5 million for two years prior to applying.
Helping businesses grow since 1902
We’re a regional bank that offers financial strength, industry-specific expertise and a full suite of commercial banking, treasury and wealth management solutions to help you and your business grow. Our business model is built on fostering long-term relationships with customized solutions and access to local decision makers.