The specs
CrediblyMUFG Union Bank Business Loan (legacy brand, now U.S. Bank)
Product typeMulti-productMulti-product
Amount range$5K – $600KLegacy 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)Factor 1.11+ (MCA); APR varies (term)Legacy MUFG Union pricing replaced by U.S. Bank schedule: APR 7.5% – 14% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fundAs fast as 4 hoursSame as current U.S. Bank: 24 – 72 hours (Quick Loan ≤ $100K, existing customers); 5 – 10 business days (term + LOC); 30 – 90 days (SBA)
Min time in business6 months24 months
Min monthly revenue$15,000$15,000+/mo typical for unsecured products (current U.S. Bank schedule)
Min credit score550+680+
Products
- MCA
- Working capital LOC
- Short-term term loan
- 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 — Winner: MUFG Union Bank Business Loan (legacy brand, now U.S. Bank). As of 2026-06-28 the current U.S. Bank Business Loan products (legacy Union Bank replacement) at 8.5 – 12% APR relationship-priced materially undercut Credibly's MCA factor 1.11 – 1.40 (effective APR 22 – 80%). Former Union Bank customers had their deposit-relationship history migrated to U.S. Bank RMs in 2023 — the multi-year relationship still counts toward U.S. Bank RM pricing. For qualifying former Union Bank customers U.S. Bank (the legal successor) is structurally cheaper across most quotes, with the added benefit of the Quick Loan channel (24 – 72 hour decisioning) that legacy Union Bank didn't offer in equivalent form.
- Newer business under 24 months TIB — Winner: Credibly. U.S. Bank's 24+ months TIB floor (which applies to former Union Bank customers post-conversion) is firm. Credibly's 6-month TIB floor is reachable for genuinely new operators. For merchants between 6 and 24 months trading history Credibly is the only structural option in this pair.
- Need cash this week — Winner: Credibly. Credibly funds in as fast as 4 hours via the API V2 + Cloudsquare flow. U.S. Bank's fastest channel (Quick Loan for sub-$100K needs for existing customers) decisions in 24 – 72 hours with funding 1 – 2 business days after approval — total timeline 3 – 5 business days. For genuine same-week capital needs Credibly is materially faster. For 5-day timelines on sub-$100K needs the U.S. Bank Quick channel is competitive and meaningfully cheaper.
- Sub-680 FICO merchant — Winner: Credibly. U.S. Bank's 680+ FICO floor (applied post-Union-Bank conversion) is firm. Some legacy Union Bank flexibility on Asian-American SMB borderline files (particularly those with cross-border parent-company support) was tightened during the 2023 conversion to match U.S. Bank's standardized credit-box discipline. Credibly accepts 550+ FICO with B/C-paper pricing adjustments. For merchants with personal FICO between 550 and 679 Credibly is the only structural option in this pair.
- SBA 7(a) deal in $250K – $2M range with patient timeline — Winner: MUFG Union Bank Business Loan (legacy brand, now U.S. Bank). U.S. Bank (the 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 for SMB borrowers willing to absorb the 30 – 90 day timeline. Credibly caps at $600K MCA and doesn't offer SBA paths. For qualifying SBA-eligible deals U.S. Bank is structurally the only option in this pair, with materially higher SBA volume capacity than legacy Union Bank.
The honest takeaway
Credibly 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 had a Union Bank business loan in California — where do I apply now?
- Your account was migrated to U.S. Bank in 2023 and the multi-year MUFG Union Bank relationship history was preserved on the U.S. Bank Business Banking platform. Practical answer for 2026: there is no MUFG Union Bank business loan product — apply through U.S. Bank. For former Union Bank customers specifically: (1) your converted California Union Bank branch is now a U.S. Bank branch with the same physical location and (in most cases) the same RM team that handled Union Bank accounts pre-conversion, (2) your deposit-relationship history counts toward U.S. Bank RM pricing — surface the Union Bank tenure in the application, (3) all current U.S. Bank products are available including Quick Loan (24 – 72 hour decisioning on sub-$100K files for existing customers), standard Business Term Loan and LOC up to $1M, and SBA 7(a) up to $5M through a top-3 SBA channel. The expanded product line is genuinely larger than what legacy Union Bank offered, especially on SBA capacity and small-ticket speed.
- Did the 2023 Union Bank conversion to U.S. Bank affect Japanese-language and Pacific Rim commercial banking?
- Yes, materially. Legacy MUFG Union Bank was a wholly-owned subsidiary of Mitsubishi UFJ Financial Group and offered specialized infrastructure for Japanese-affiliated SMBs operating in the U.S. — bilingual RMs, cross-border parent-company guarantee structuring, yen-denominated treasury services, and dedicated Pacific Rim trade-finance teams. Post-conversion to U.S. Bank, most of this specialty was reduced or eliminated: U.S. Bank does not maintain Japanese-language commercial banking infrastructure at the same scale, and cross-border Asian parent-company guarantee deals route through U.S. Bank's standard middle-market commercial banking platform rather than a specialized Pacific Rim desk. Practical effects: Japanese-affiliated SMBs that relied on Union Bank's specialty should investigate Pacific Western Bank (now Banc of California after the 2023 merger), East West Bank, or Cathay General Bancorp as alternatives that explicitly maintain Asian-American SMB commercial banking infrastructure. For straightforward English-language SMB business loans U.S. Bank is competitive and the conversion is broadly neutral.
- Should I refinance an active Credibly MCA into U.S. Bank (the Union Bank successor) once I qualify?
- Yes, if the math works. A Credibly MCA at factor 1.25 with 8 months remaining carries an APR-equivalent of 35 – 50%. Refinancing into a U.S. Bank relationship-priced Business Term Loan at 9 – 12% APR over 36 – 60 months saves materially on cost-of-capital. For former Union Bank customers with preserved deposit-relationship history the U.S. Bank RM can advocate for pricing at the lower end of the relationship-priced range. U.S. Bank will pull business credit, see the active Credibly debt, and underwrite the refinance as debt consolidation — disclose proactively. For sub-$100K refinances the Quick Loan channel can compress the refinance timeline to 24 – 72 hours, materially reducing carrying cost of the residual MCA balance. The qualifying bar is the same as any U.S. Bank applicant (680+ FICO, 24+ months TIB, $15K+/mo revenue, U.S. Bank / former Union Bank deposit relationship preferred).