The specs
BluevineMUFG Union Bank Business Loan (legacy brand, now U.S. Bank)
Product typeLOCMulti-product
Amount range$10K – $250KLegacy MUFG Union Bank products consolidated into U.S. Bank in December 2022. Current U.S. Bank equivalents: $5K – $100K (Quick Loan); $25K – $1M (term + LOC); $250K – $5M (SBA 7(a))
Cost (factor / APR)APR 6.2% – 27% (LOC)Current U.S. Bank pricing: APR 7.5% – 14% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fund1 – 3 business days24 – 72 hours (Quick Loan ≤ $100K, existing customers); 5 – 10 business days (term + LOC); 30 – 90 days (SBA)
Min time in business12 months24 months
Min monthly revenue$10,000$15,000+/mo typical for unsecured products
Min credit score625+680+
Products
- Line of credit
- Invoice factoring
- U.S. Bank Quick Loan (via U.S. Bank)
- Business term loans
- Business LOC
- SBA 7(a)
- Equipment financing
- Commercial real estate
Verdicts by use case
- Former Union Bank California customer with 24+ months TIB and 680+ FICO needing ≤ $100K — Winner: MUFG Union Bank Business Loan (legacy brand, now U.S. Bank). As of 2026-06-28 the current U.S. Bank Quick Loan (legacy Union Bank replacement for fast SMB credit) at 8.5 – 12% APR closes in 24 – 72 hours for existing customers — uniquely competitive with Bluevine on both speed and cost. Bluevine LOC funds in 1 – 3 business days at 6.2 – 27% APR (realistic middle quotes 14 – 18%). For former Union Bank customers on the West Coast with preserved U.S. Bank relationship history the Quick channel is structurally cheaper and competitive on speed.
- Newer business between 12 and 24 months TIB — Winner: Bluevine. U.S. Bank's 24+ months TIB floor (which applies to former Union Bank customers post-conversion) declines sub-2-year merchants. Bluevine's 12+ months TIB floor is reachable for businesses in the 12 – 24 month window. For merchants in that band Bluevine is the only structural option in this pair, providing standing LOC capacity until the merchant can qualify for U.S. Bank pricing at month 24.
- Revolving credit with consistent standing capacity above $100K — Winner: Bluevine. Bluevine LOC is a true revolving line — draw, repay, redraw without re-underwriting, up to $250K with consistent committed capacity at the approved limit. U.S. Bank Quick Loan caps at $100K and is a fixed-amortization term loan, not a revolving line. U.S. Bank's standard Business LOC scales to $1M but operates with periodic review. For genuinely flexible revolving capacity above $100K Bluevine's product shape is structurally cleaner.
- Speed on existing U.S. Bank (former Union Bank) deposit relationship for sub-$100K need — Winner: Tie. Bluevine LOC funds in 1 – 3 business days on initial draw. U.S. Bank Quick Loan decisions in 24 – 72 hours with funding 1 – 2 business days after approval for former Union Bank customers (whose relationship history was preserved) — total timeline 3 – 5 business days. The tie reflects that U.S. Bank uniquely closed the speed gap among large banks through the Quick channel; for former Union Bank customers Quick is roughly comparable to Bluevine's initial-draw timeline at meaningfully lower cost.
- SBA 7(a) deal in $250K – $1M range — Winner: MUFG Union Bank Business Loan (legacy brand, now U.S. Bank). U.S. Bank (legal successor to Union Bank's SBA franchise) originates SBA 7(a) loans up to $5M at Prime + 2.25 – 2.75% as a top-3 SBA lender by loan count. By far the cheapest cost of capital available in this pair for SMB borrowers willing to absorb the 30 – 90 day timeline. Bluevine caps at $250K LOC and doesn't offer SBA paths or long-amortization term loans. For SBA-eligible deals U.S. Bank is structurally the only option in this pair.
The honest takeaway
Bluevine and MUFG Union Bank Business Loan (legacy brand, now U.S. Bank) solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- I'm in San Francisco with a Bluevine LOC and my business banked with Union Bank before the conversion — what's my best path now?
- Apply through U.S. Bank — that's the legal successor to MUFG Union Bank. Your converted Bay Area Union Bank branch is now a U.S. Bank branch and the multi-year Union Bank deposit-relationship history was migrated to U.S. Bank RMs in 2023, so the relationship still counts toward U.S. Bank RM pricing. Practical setup if you qualify for both Bluevine and U.S. Bank: U.S. Bank Quick Loan or standard Business Term Loan for predictable larger one-shot capital needs at 8.5 – 12% APR (relationship-priced — the former Union Bank tenure helps you here), Bluevine LOC retained for high-frequency revolving draws at 12 – 18% APR. The combined setup matches each capital need to the structurally cheapest product. Walk into the converted Bay Area U.S. Bank branch and ask for the RM who handled your former Union Bank relationship — many of those RMs are still at the same branch post-conversion.
- Did the 2023 Union Bank conversion to U.S. Bank affect SBA 7(a) capability on the West Coast?
- Yes, in a positive direction. Legacy MUFG Union Bank had a meaningful SBA 7(a) franchise on the West Coast but operated at smaller scale than U.S. Bank's national SBA platform. Post-conversion, West Coast SBA-eligible merchants now access U.S. Bank's top-3 SBA channel by loan count with: (1) higher SBA loan size capacity (up to $5M vs Union Bank's typical $1 – 2M range), (2) more efficient processing infrastructure with dedicated SBA underwriting teams, (3) CDC partnership network spanning California, Oregon, Washington, and Nevada for SBA 504 real-estate deals, and (4) U.S. Bank's Preferred Lender Program (PLP) authority that compresses the SBA timeline by 2 – 4 weeks vs non-PLP lenders. For Bluevine-eligible West Coast merchants whose capital need scales beyond Bluevine's $250K LOC cap, the U.S. Bank / former Union Bank SBA path is structurally cheaper than non-bank alternatives and meaningfully expanded vs what legacy Union Bank offered.
- What's the realistic Bluevine-to-U.S.-Bank trajectory for former Union Bank customers on the West Coast?
- Most merchants who qualify for Bluevine today can qualify for U.S. Bank in 12 – 24 months by: (1) hitting the 24+ months TIB threshold (just operational time), (2) maintaining Bluevine LOC with on-time payments to build PAYDEX and commercial FICO (Bluevine reports both), (3) reactivating or maintaining the U.S. Bank Business Banking deposit relationship that was migrated from Union Bank in 2023 — even dormant accounts retain history value at the RM level, (4) keeping personal FICO at 700+ for margin above the 680 floor, and (5) ensuring business tax returns show consistent revenue growth and reasonable profitability. The former-Union-Bank-specific advantage: the multi-year Union Bank tenure (visible in the migrated U.S. Bank RM system) provides a relationship-history signal that cold U.S. Bank applicants don't have. Surface the Union Bank tenure explicitly in the U.S. Bank loan application — it can move pricing 25 – 50 bps below cold-applicant quotes for borderline files in West Coast metros where former Union Bank branches converted intact.