Unity Bank Loan And Credit
Salary Backed Loans
As against Salary Advance which is relatively short term in nature (ranging from one week to three months), Salary-backed loans allow qualifying customers to borrow amounts that they will otherwise have to save for up to a maximum of two years.
A key thrust of our retail lending services is the provision of structured financial options to individuals with reliable and regular stream of cash inflows. Thus, individuals in salaried employment can access a variety of retail lending services that will allow them optimize their finances through bridging the occasional gap between financial obligations and the next payday or various other options that allow qualifying customers take advantage of their steady inflows to access facilities that will be repaid over time.
Asset Acquisition finance
Unity Bank customers can rely on our retail lending platforms to finance the acquisition of personal and consumer assets ranging from personal electronics to automobiles. While this tailored primarily for salaried individuals, the Bank is also open to assessing acceptable situations for individuals who are not necessarily in regular paid employment
AG LOANS & CREDIT
We offer a wide variety of agricultural financing options, enabling us to customize our loans to meet your unique needs. Working with both in-house loans and government guaranteed loans, we’re sure to have a loan that works for you. Talk to one of our experienced Agriculture Lenders today!
UNITY BANK AG LOANS
- Operating Lines of Credit
- Machinery Loans
- Livestock Loans
- Farm Real Estate Loans
- Farm Facility/Improvement Loans
- Government Program Loans
RFA: RURAL FINANCE AUTHORITY
Unity Bank is a proud participant in the State of Minnesota Department of Agriculture Rural Finance Authority loan programs. These programs provide affordable credit to eligible farmers, allowing us to help both beginning farmers and established farmers. In partnering with RFA, Unity Bank can offer programs for farmers to purchase ag land, finance improvements, reorganize farm debt to improve cash flow, and affordably finance state-of-the-art livestock production facilities. Think one of these programs might be right for you? Talk to us to find out!
- Basic Farm Loan Program
- Aggie Bond Beginning Farmer Program
- Agricultural Improvement Program
- Restructure II Program
- Livestock Expansion Program
- Livestock Equipment Program
USDA FARM SERVICE AGENCY
The USDA Farm Service Agency Guaranteed Loan Programs are available to assist in structuring rates and terms to meet your agricultural financing needs.
- The beginning farmer down payment program assists new borrowers to purchase real property.
- Farm ownership guarantees assist in purchasing or improving real estate.
- Term loans help you finance machinery, equipment, and livestock.
- Operating lines revolving are designed for your annual operating needs.
Unity Bank is a direct seller into the Farmer Mac (Federal Agricultural Mortgage Program) Secondary Market loan program. This permits us to offer longer-term fixed rate mortgage loans for qualifying agricultural borrowers.
Unity Bank is a family owned community bank that has been serving agricultural customers for over 135 years. We offer a wide variety of agricultural and specialized vineyard financing options to meet your individual goals and needs. We work to provide you with the best available interest rates and the highest quality ‘hometown service”. See more information about our Vineyard Financing here>>
SMALL BUSINESS ADMINISTRATION LENDING
TERM LOAN – SBA 7A
Whether you want to establish a business…purchase an existing business…expand your business…need working capital…or need to purchase equipment or inventory – the longer term loans of an SBA 7A Loan may be just what you need! Talk to one of our commercial lenders today.
Looking to purchase land or a building? Or need funds to purchase equipment or inventory? SBA Express offers both term loans and revolving lines of credit. Talk to a commercial lender to see which one fits!
Expand your business with as little as 10% down by taking advantage of this long term, fixed rate option! Proceeds can be used to purchase commercial real estate, equipment, or machinery. Learn more about Small Business Administration Lending here.
WORKING CAPITAL LINE OF CREDIT
Working Capital Lines of Credit provide your business with a valuable source of funds to manage the day-to-day cash needs of your business. Because you borrow only what you need, for only as long as it is needed, interest expense is kept at a minimum. Talk to a commercial lender to see if this is the option for you!
COMMERCIAL TERM LOAN
Term Loans are ideally suited to provide your business the ability to finance long-term assets, such as equipment and buildings. Payments are determined by the useful life of the assets financed. Both fixed and variable rates are available – talk to a commercial lender to see which one might work best for you!
COMMERCIAL LETTERS OF CREDIT
A Letter of Credit provides Unity Bank’s guarantee of payment – a valuable tool as your business seeks to expand relationships with other creditors! Talk to one of our commercial lenders today.
SINGLE PAY NOTE
Do you need to borrow for just a short term? We can do that too! We offer both fixed and variable rates, to suit your singular needs. Talk to a commercial lender to see which one fits!
Complete the appropriate Credit Applications and bring them into one of our locations to get started today. *Email is not a secure way to send personal information. For your security, do not email the Credit Applications which contain privileged and confidential information.
Commercial Application Checklist>>
Agriculture Application Checklist>>