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.

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

SBA Guarantee of 75%.

  • 0.55% - 3.75% of guaranteed portion, plus closing costs.
Borrower Benefits:
  • Long-term financing with flexible amortizations.
  • Collateral flexibility with all available collateral pledged.
  • Improved cash flow.
  • No balloon payments.
  • No prepayment penalty (under 15 years).
  • Fees and costs may be financed.
  • Fees are reduced for loans $500,001 or more.
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

Rose Roman
Governmental Lending Manager
P: 740-383-8255 x7645 | C: 614-214-1447

Rose has over 20 years of commercial and industrial lending experience in Central and Northwest Ohio. Her background includes roles in credit, community/business development, relationship management and loan department management with a government lending program specialization. In her current role, Rose leads the SBA Department, providing government backed loan programming including SBA 7(a), PPP, SBA 504, USDA Business and Industry Lending and other available programs. Her passion is supporting the community by providing innovative, customized financing to small businesses, which in turn supports meaningful growth opportunities and job creation. She holds a Bachelor of Science Degree in Business Administration - Finance from The Ohio State University - Fisher College of Business. She volunteers as a board member for Community Capital Development Corporation and Women's Small Business Accelerator. Ros lives in Blacklick with her family.

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.

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.

Margie Nwoko
Government Lending Assistant
P: 614-269-4400 x7509

Margie has over 10 years of retail banking experience and 30 year of business ownership experience. In her current role, she assists the commercial lending team and SBA clients with their SBA 7(a) loan applications. Margie is passionate about giving back to her community by participation in youth education and empowerment activities and is married with two adult children.

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