Bank / Credit Union

Union Bank Company earns preferred lender status with SBA

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April 6, 2023

The Small Business Administration has awarded Ohio-based bank The Union Bank Company with Preferred Lender status. The SBA helps small businesses connect with lenders to help them plan, start and grow their businesses, according to a press release.

"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," Rose Roman, governmental lending manager at The Union Bank Company, said in the release. "We know the industry and how to connect the right funding options with the needs of the businesses that we serve."

Other banks have also earned this status across the U.S., such as BCT Bank of Charles Town, based in West Virginia, Virginia and Maryland. With this status, banks can directly approve loan applications rather than processing them through the SBA.