What is an SBA Loan at Atlantic Union Bank?

An SBA loan at Atlantic Union Bank is a business financing solution backed in part by the Small Business Administration, enabling the bank to offer competitive terms, longer repayment periods, and lower down payments than many conventional loans. Atlantic Union Bank works with the SBA program to underwrite loans that support a wide range of small business needs while leveraging the bank’s local market knowledge and personalized service.

Key Features

• Loan programs backed by the Small Business Administration, reducing lender risk and enabling more favorable terms.
• Flexible repayment schedules designed to match cash flow cycles and business growth plans.
• Options for working capital, real estate acquisition, equipment financing, and debt refinancing.
• Potentially lower down payment requirements compared to conventional financing.
• Support from experienced relationship managers familiar with small business challenges and SBA underwriting criteria.

Available SBA Programs

Atlantic Union Bank participates in several SBA programs to meet varied business objectives. Typical offerings include:

• 7(a) Loans — Versatile financing for general business purposes such as working capital, franchise purchases, or refinancing.
• CDC/504 Loans — Structured for real estate and fixed asset purchases that support long-term expansion with attractive amortization schedules.
• SBA Express or Small Loan options — Faster turnaround for smaller borrowing needs with simplified documentation when appropriate.

Each program has specific eligibility requirements and benefits; bank advisors can help determine the best fit for your financial goals.

Who Should Consider This Loan?

SBA loans at Atlantic Union Bank are suitable for small business owners and entrepreneurs who:

• Need capital to grow operations, open new locations, or invest in equipment.
• Seek to refinance higher-cost debt into more manageable payments.
• Require real estate financing for owner-occupied commercial property.
• Prefer longer repayment terms to preserve working capital and support sustainable growth.

Eligibility and Underwriting

Eligibility is based on the SBA program selected and standard commercial lending criteria. Typical considerations include business history, revenue and cash flow stability, creditworthiness, collateral, and the owner’s experience. Because the SBA guarantees a portion of the loan, Atlantic Union Bank can often extend credit to businesses that might not meet strict conventional qualifiers, but proper documentation and a credible business plan remain essential.

Application Process

1. Initial consultation to review financing needs and determine the appropriate SBA program.
2. Preparation of required documentation, including financial statements, tax returns, business plan, and ownership records.
3. Loan submission and underwriting, during which the bank works with SBA guidelines to evaluate the request.
4. Decision and closing, followed by funding and ongoing relationship management to support successful loan performance.

While timelines can vary based on loan complexity and program type, Atlantic Union Bank emphasizes transparent communication throughout the process to help borrowers understand milestones and requirements.

Required Documents (Common)

Documentation typically requested includes:

• Business and personal tax returns for a number of recent years.
• Profit and loss statements and balance sheets.
• Projected financial statements or a business plan outlining use of proceeds and repayment strategy.
• Ownership documents, licenses, and any relevant contracts or lease agreements.
• Personal financial statements for principals and owners where applicable.

Providing complete and organized documentation helps accelerate review and decision-making.

Benefits of Choosing Atlantic Union Bank

• Local relationship banking combined with SBA program expertise to deliver tailored financing solutions.
• Access to multiple SBA loan options to match different business needs and growth stages.
• Consultative approach that helps borrowers understand trade-offs between loan types, terms, and cash flow impacts.
• Dedicated support through underwriting and closing, including guidance on required SBA documentation.

Tips for a Strong Application

• Prepare clear, realistic financial projections that show how the loan will improve cash flow or support growth.
• Organize tax returns and financial statements to demonstrate consistent revenue and prudent expense management.
• Detail the intended use of funds and how the investment will generate a return or operational benefit.
• Be prepared to discuss management experience, market opportunity, and contingency plans for downturns.