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Business Loans

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Your time is precious and, when it comes to banking, we can help you make the most of it. Our commercial lenders and business bankers are here to assist your business in staying financially healthy and offer all of the electronic resources to make banking convenient. Come visit us, or drop us a line.  We’re always here to help.

Loan Comparison Details

Best UseTermMinimum Monthly PaymentCollateral


Term Loans

Best Use


Finance office equipment, manufacturing equipment, computers, vehicles, and more.

Term


Up to 7 years

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Equipment, vehicles or business assets


Real Estate Mortgage

Best Use


Purchase initial or additional property, renovate current facilities, or relocate.

Term


Varies

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Commercial, residential, or multi-family real estate


Business Checking Plus

Best Use


A short-term working capital revolving line of credit that attaches to your business checking account.

Term


Open end

Minimum Monthly Payment


Interest only payments

Collateral


Typically unsecured; may require collateral


Business Line of Credit

Best Use


A flexible short-term credit line for operating expenses or small capital expenditures.

Term


Varies; typically 1 year maturity

Minimum Monthly Payment


Interest only payments

Collateral


Commercial real estate and/or business assets

Testimonials:

“I’ve been banking with United Community Bank for over 20 years (both personal and business), and every experience has been pleasant and helpful.”

-Keith, business customer

 

“My experience with United Community Bank has been nothing less than outstanding.  Our lender, Andy Eckhoff, was extremely thorough and accommodating in helping my husband and I finance our vacation property.  We enjoyed working with him and will definitely be contacting him should we have any additional financing needs!”

-Tracy, business customer

 

“We enjoyed working with lender Ryan Rustad because he is a high character, knowledgeable, trustworthy individual. Ryan made the business financing process quick, easy, and stress-free. As owners of a small business, and parents to four children, we don’t have an excess of time so we appreciate a small-town bank’s ability to make things happen in a timely, efficient manner.”

-Ryan, business customer

 

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How to Apply

You deserve timely decisions on your business lending application. To help us expedite the process, please come prepared with the following required documents.

Existing Businesses

New Businesses

Congratulations on deciding to start your own business! Our lenders understand the local market and can help review your business plan and can customize a loan to meet your individual needs.

 

To get started, we will ask for the following information:

  • Business plan (including, but not limited to: business description, industry analysis, and analysis of competitors, market analysis, marketing plan, management plan, and a financial plan)
  • 3-5 years of projected revenues and expenses
  • 3 years of personal tax returns
  • Personal Financial Statement
  • (if applicable) Certificate of Assumed Name and official Federal Tax ID confirmation (apply for an ID here)
  • (if applicable) Articles of Incorporation/Organization
  • (if applying for SBA loan) SBA Form 1919

 

Timeline

After we receive your information, we can usually give you an answer in a matter of days. Once approved, the loan can be closed anywhere from a couple of days to a couple of months, depending on the type and complexity of the loan.

 

Coffee with a Banker Video Series

Business Resource: Small Business Development Center

 

Information accurate as of 3/16/19, and may be subject to change. All loans are subject to credit and underwriting approval. Other terms and conditions may apply.

United Community Bank NMLS 421829