BankUnited Small Business Loans

Running a small business involves a diverse array of factors to consider. From sourcing, manufacturing, marketing, dispatching to funding, BankUnited assists you in all aspects of finance. The area entrepreneurs face challenges in is funding their business. 

To help small businesses grow, Banks have special loan programs helping with growth and overall development by backing them up. BankUnited is one such Bank offering small Business Loans. 

BankUnited is specialized in offering a wide range of consumer and commercial banking products and services. They provide services to individuals, small businesses, middle-market companies, large corporations, and institutions. 

In this article, we shall cover all the information about BankUnited and small business loans. Without further ado, let's dive in! 

An Overview of BankUnited's Loans

BankUnited offers SBA loans, also known as Small Business Administration loans. These loans help entrepreneurs to build, expand, and maintain their companies. 

With BankUnited, you need not physically go to Banks to complete the procedures. Instead, you can avail yourself of the various small business loans online with a simple application procedure and low interest.  

In addition, BankUnited has easier lending criteria as guided by the SBA government guidelines. 

Furthermore, BankUnited commits to supporting and boosting the growth and development of small businesses in America. 

The SBA loans at BankUnited can assist you with the following: 

At BankUnited, a team of specialists will guide you to determine the type of goal well-suited for your business. 

Types of Loans Offered by BankUnited

You can find three types of loans at BankUnited. Each of the loans helps entrepreneurs with different purposes to grow and develop their businesses. Let's take a look at the three small business loans offered by BankUnited. 

SBA 7(a) loan

SBA 7 (a) is a primary SBA loan designed to aid small businesses financially. Moreover, this type of loan can help you finance the vast needs of your business—from real estate to working capital. 

Why Should You Choose SBA 7(a) Loan?

SBA 504 Loan

SBA 504 Loan backs up funds for commercial real estate. This small business loan is ideal for long-term needs. For example, you can take a loan for purchasing heavy equipment, constructing, renovating, and making the necessary changes to your facilities. These fixed assets promote business growth and job creation.  

Moreover, this type of loan is a boon compared to a conventional business loan as it has lesser equity. 

Why Should You Choose an SBA 504 Loan?

Only a CDC (Certified Development Company) offers 504 loans. BankUnited is a CDC, and hence you can be ensured of dealing with a qualified lender. 


By offering USDA loans, BankUnited aims to support rural communities. Individuals from the rural community can avail of the USDA loan for the following objectives:

Why Should You Choose a USDA Loan?

What Lending Criteria Does the Bank Have?

BankUnited uses lending criteria for small business loans to evaluate the loan applications and determine whether the entrepreneur is eligible. 

Here are the lending criteria for each type of small business loan in BankUnited. 

SBA 7(a) Loan

An entrepreneur is eligible for SBA 7 (a) loan if their business meets the following criteria. 

Moreover, the additional factors considered in the evaluation include whether the small business generates income, the credit history, where the company operates. 

SBA 504 Loan

An entrepreneur is eligible for an SBA 504 loan if their business meets the following criteria. 

Besides the eligibility pointers mentioned above, BankUnited also evaluates the application based on the credit score. 


To be eligible for a USDA loan, an entrepreneur and their small business should meet the following criteria. 

BankUnited's Interest Rates, Fees, and Loan Options

To better understand the small business loans offered by BankUnited, you need to learn about Interest rates, fees, and loan options. 

SBA 7(a) loan

SBA 504 Loan


BankUnited's Application

The small business loans applications are available on the website. However, for availing of the USDA loan, you need to contact the Bank. 

Summary of BankUnited's Loan Options

BankUnited assists small business loans by providing three types of loans to boost their businesses and further develop them. 

The three small business loans are SBA 7(a) loan, SBA 504 Loan, and USDA Loan. These three types of loans provide funds for long-term needs as well as real estate purchases. 

BankUnited is one of the most-favored Banks for taking small business loans because of their streamlined and hassle-free process. 

Besides taking loans from Banks, there are plenty of options to fund your business. One such method is to lend money from cash groups. With the option of cash groups, businesses can avail cash immediately in case of an emergency.