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The Union Banking Company
Total Solar Eclipse - April 8th. West Manfield will bedrive-thru only from 9am to Noon, Belle Center will be closed for the day. Normal hours resume April 9.
The Union Banking Company

Commercial and Agricultural Lending

Real Estate Loans

The Union Banking Company offers competitive financing for commercial and agricultural real estate, including the purchase or refinancing of current loans. Loan proceeds may be used for a variety of purposes, including but not limited to:

  • Commercial properties, both owner- and non-owner occupied
  • Rental housing
  • Combination business/residential properties
  • Farm ground

Recognizing that your real estate transaction may be unique, we offer flexible loans to fit your needs.

Agricultural Line of Credit

An agricultural line of credit will allow you to borrow only as much as you need when you need it. You may borrow up to a set amount and pay it down repeatedly, balancing your cash flow needs with this source of short-term funding. A Line of Credit is simple and easy to use, and is an excellent financial tool to:

  • Cover short term cash needs until accounts receivable can be collected
  • Take advantage of supplier discounts
  • Cover seasonal working capital needs
  • Cover input costs until harvest

Business and Agricultural lines are often secured by real estate, accounts receivable, inventory, and other business assets, and are renewable annually. Repayment is based on interest only with principal due at maturity. Rates are based on Prime plus (variable rate) as disclosed daily in the Wall Street Journal.

Term Loans

Term loans are used to finance purchase of the company’s or farm’s productive assets. Term loans are commonly used for:

  • • Purchase of machinery, equipment and fixtures
  • • Expansion or modernization of facilities
  • • Vehicles or other business transportation

The source of repayment is often generated by the enhanced cash flow from these assets. The loan period is determined by the productive life of the assets.

***All loans are subject to credit approval***

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