By Laura Perdew
The MUFG (Mitsubishi UFJ Financial Group) Union Bank Business Banking group serves the needs of a broad range of businesses of varying sizes, with profiles of up to $15 million in annual revenues and offers a variety of products and services for business owners, including deposit solutions, loans, lines of credit, specialized credit programs and online business products.
“Our team offers truly customized financial solutions for clients through a geographically based organizational structure – regional leaders manage all areas of the business in their geographies and oversee associates who serve Business Banking clients on a daily basis,” said Union Bank Head of Business Banking Todd Hollander.
Since 2010, Union Bank has increased small business lending by more than 400 percent, including the number of Small Business Administration (SBA) 504 loans over the previous year, despite a tightened credit and economic environment. The bank continues participation in the SBA 7a loan program called Small Loan Advantage as part of the Business Banking group’s “Third Look” plan.
“Third Look helps streamline the loan process and helps us offer a variety of lending options for customers,” said Kirsten (Didi) Hakes, head of the bank’s SBA Lending group. “Those customers who may not qualify for …read more
Source: Fullerton Chamber of Commerce