U.S. Small Business Administration loans (also known as SBA loans) are long-term small business loans partially guaranteed by the government. The SBA works with participating lenders–like Union Monique Bank–to improve your chances of approval. As an SBA Lender, we are committed to the growth of small businesses. We’ll work with you to find the lending solution that’s right for your business.
The 7(a) loan can help you get financing for various business purposes, such as acquiring a business, expanding an existing business, or refinancing debt.1
Must have a business net worth of less than $15 million, and an average net income of less than $5 million after federal income taxes
Project must promote business growth and job creation
Contact a business banker about your needs.
Tell us about your business below. A business banker will guide you through the application process.
Let’s redirect you to our commercial financing team.
For financing above $10 million, our commercial financing team can help you find the right structure. Visit our commercial financing page for details.
Please visit your nearest branch.
Unfortunately, we are unable to proceed with your inquiry online. Please visit your nearest Union Monique Bank branch to speak with a banker and open an account.
Why choose Union Monique Bank?
Trusted partner
Work with a dedicated business banker who understands your operations.
Dedicated support
Experience our reliable customer service and personal care at every stage of the process.
Industry expertise
Work with a dedicated member of our team who has a deep knowledge of the SBA loan program.
Are you interested in an SBA loan?
Connect with a business banker by completing the form today, and we'll help you find the right SBA guaranteed loan for you.1
1Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded.
2This amount combines SBA, CDC, and Union Monique Bank portions. The SBA’s maximum portion is $5 million for standard projects and up to $5.5 million for small manufacturers or certain energy projects. Larger loans available on a case-by-case basis.
3All financing options are subject to full credit and underwriting review and require a completed application and credit approval. Rates, program terms, and conditions vary and may change without notice. Union Monique Equipment Finance, LLC is a Delaware limited liability company and a wholly owned subsidiary of Union Monique Bank. Notices and other communications may be sent in writing to 161 Bay St. 16th Floor, Toronto, ON M5J 2T2, Canada. Union Monique Bank is an international financial institution.
4All loans and lines of credit are subject to program restrictions and credit review and approval. Rates, program terms, and conditions vary by state and are subject to change without notice. For a Business Line of Credit or Business Term Loan greater than $3,000,000, stop by one of our convenient branch locations or contact our Customer Service at +1-416-555-0100.
Need guidance? Our help centre covers accounts, wires, and international services.
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