Union Bank
Headquartered in MORRISVILLE, VT. Analysis based on 61 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $9.1M.
Total 7(a) loans
61
Total approved
$9.1M
Average loan
$150K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
40.38%
Average rate
6.12%
Average term
109 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 7 |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 4 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 2 |
| 621210 | Offices of Dentists | 2 |
| 238210 | Electrical Contractors | 2 |
| 111998 | All Other Miscellaneous Crop Farming | 2 |
| 238350 | Finish Carpentry Contractors | 2 |
| 238990 | All Other Specialty Trade Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| VT | 38 |
| NH | 16 |
| MI | 7 |
Top franchise brands financed
3 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| Handyman Connection | 2 |
| LINE-X | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.