When your small business has big ideas, you need a financial partner that'll get to know you on a personal level. We have a team of lending experts dedicated to Small Business Lending and well versed in the U.S. Small Business Administration (SBA) and other governmental lending programs available to small business owners.

Approved to offer SBA loan products under SBA's Preferred Lenders Program

SBA 7(a) Loan Program
Loan Purposes:
  • Working capital to support accounts receivable and inventory.
  • Working capital to support start-up costs.
  • Owner occupied commercial real estate.
  • Business acquisition.
  • Equipment purchasing.
  • Leasehold improvements.
  • Debt refinance.
Maximum Loan Amount of $5 Million.

Interest Rates:
  • Based on WSJ Prime Rate with quarterly adjustments.
  • Fixed or other option.

Available Terms:
  • Up to 25 years on real estate.
  • Up to 10 years for other fixed assets and working capital.

Borrower Benefits:
  • Long-term financing with flexible amortizations.
  • Collateral flexibility with all available collateral pledged.
  • SBA guarantee of 75%.
  • Improved cash flow.
  • No balloon payments.
  • No prepayment penalty (under 15 years).
  • Fees and costs may be financed.
  • No fee for loan amount of $1 million or less.
Other Requirements:
  • No history of government loan default.
  • Minimum equity requirements vary by project. SBA requires at least 10% for start-up or business acquisitions.
  • Personal guarantees required.
  • All business collateral required.
  • Personal collateral required.
  • Key Person Life Insurance may be required.

All loans subject to credit approval. Terms and conditions will vary by projects. SBA fee waiver is a limited time offer.

Meet Our SBA Team

Mike Sullivan
SBA Lender, Government Programs
P: 740-383-8255 x7650 | C: 614-226-8778

Mike has over 30 years of sales experience, primarily in the Business to Business space. Experienced selling into all market segments including manufacturing, food processing, healthcare, office building, lodging, high traffic - travel and entertainment, and government. Mike specializes in working with small business owners to secure financing through SBA government backed loans. Mike has a Master's Degree in Public Relations from Ball State University and a Bachelor of Arts Degree from Salem College, West Virginia. Mike volunteers with the Knights of Columbus and resides in Westerville with his wife and children.


Rob Gray
Commercial Relationship Officer
O: 740-549-3400 x7142 | C: 614-581-9754

Rob has nearly 30 years in banking experience, over half of those helping business customers with their commercial lending needs. Rob’s banking experience also extends to the retail side of banking. Having an expertise in financing, commercial & industrial lending, as well as SBA lending, Rob is able to provide lending solutions to businesses of all sizes in Franklin, Union, Madison, Marion and Delaware counties. Rob is a graduate of The Ohio State University, majoring in Finance. He is a recreational golfer and enjoys college and professional football.

Lori Watson
Governmental Lending Operations Manager
P: 614-269-4459

Lori has over 30 years of banking experience in Columbus Ohio, spending the past few years dedicated to Small Business Administration operations, servicing and lending. Her banking career began after graduation from Miami University. Past experiences include commercial loan portfolio management, loan servicing, marketing, IRA administration and branch management. She uses this knowledge when assisting clients. Lori grew up in Gahanna where she and her husband raised their two daughters. Lori continues to live and work in Gahanna.

Business Testimonials

Business Testimonials
Don't just take it from us, hear first-hand accounts of how we were able to help other small business owners.

Connect with an SBA expert. 
Our small business lending team is ready to help!

Business Checking Account Options
We also have banking deposit solutions available for your business.

Business Development Tools
The Ohio Department of Development works to support businesses of all sizes. Check out the resources they have available to assist you.

The Union Bank Co.

105 Progressive Drive
Columbus Grove, OH 45830
(800) 837-8111
Routing Number - 041213759