Make sure you have what you need to apply
Whether you’re just starting your business or contemplating growth and expansion, we know you have plans — big plans. If it's time to secure financing to help your business grow and thrive, there are things you'll need to know and prepare ahead of time — and our handy checklist can help.
Small Business Financing Options
Let’s break it down
Small Business Loans
How to Get a Small Business Loan
For established businesses
Conventional business loans are great for businesses with an established credit history and proven financial success. These loans can be used to expand your business, purchase equipment, or consolidate business debt. We’re ready to help when you’re ready to grow.
- Straightforward application process
- One-time transaction for a set amount
- Adaptable to fit the needs of your business
Small Business Administration (SBA) Loans
How to Get an SBA Loan
For new or quickly growing businesses
As an SBA Preferred Lender, UBT can directly approve loans, which means a much quicker and smoother approval process for you. SBA loans are ideal for newer businesses with little or no credit history, providing you the resources you need to hit the ground running.
- Favorable terms (up to 25 years); lower monthly payments
- Lower down payments and greater flexibility
- Great for a recently established or quickly growing company
Small Business Lines of Credit
How to Get a Small Business Line of Credit
For covering the gaps
Lines of credit work a lot like a business credit card — you decide how much to borrow within your limit and how much to pay back month to month. This option is ideal for businesses with seasonal fluctuations in revenue, longer gaps between income, or expanding inventory, among other uses.
- Quick access to funds
- Flexibility for repayment
- Typically more favorable interest than credit cards
Loan products subject to credit approval.