Union Bank Unveils Small Businesses Loan, Line and Lease Promotions

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LOS ANGELES--(BUSINESS WIRE)-- Union Bank, N.A., today announced four loan, line, and lease promotions for businesses located in California, Oregon, and Washington. These promotional offers make it simple and affordable for small businesses to continue investing in technology to help grow their businesses.

The four offers cover commercial real estate loans, business loans and business lines of credit, commercial vehicle loans, and equipment leases. Running through the end of November, the discounts these promotions offer provide Union Bank customers an easy way to grow their businesses during the end-of-year crunch.

“When you come to Union Bank with financing needs, we respond with options specifically tailored to the needs of small business,” said Christy Schmitt, senior vice president, Small Business Banking, Union Bank. “These four financing offers can help customers grow their business while minding their budget and freeing up capital.”

Full details for all small business financing offers are available at www.unionbank.com/sbfinancingoffers.

The commercial real estate loan promotion allows small businesses to save up to $1,000 in loan fees.¹ Given the current real estate market combined with today’s competitive interest rates, now may be a good opportunity for businesses to purchase new property, refinance, or simply take advantage of the benefits of owning versus leasing. Union Bank offers a 45-day average closing process and a range of fixed- or variable-rate terms.

The business loans and business lines of credit promotion allows small businesses to save up to $250 on the initial fee for either a loan or a line of credit.² Whether funds are needed for short-term cash flow, business expansion, equipment purchases, or simply to build permanent working capital or pay off debt, a business loan or business line of credit from Union Bank can help. Businesses can choose from a variety of solutions, including a Business OptionsLine^SM. The Business OptionsLine offers all the benefits of a traditional business line of credit, plus options for converting an outstanding balance to a term loan. Secured, unsecured, or interest-only options are available.

The commercial vehicle loans promotion allows small businesses to receive 1.75% discount off the posted rate for loans of $100,000 or more.³ Vehicles such as delivery or service trucks can play an indispensable role in a business’s day-to-day operations. They can also be one of a business’s biggest fixed costs. Union Bank provides financing that helps small businesses get the vehicles they need to run smoothly while saving them money with competitive financing offers. This commercial vehicle loan promotion is for new or used vehicles (purchased or refinanced) for terms of up to 60 months.

The equipment leasing promotion allows small businesses to save up to $150 on the lease documentation fee.⁴ Equipment is one of a business’s most basic costs, and unfavorable financing terms can have a real impact on their bottom line. Union Bank offers competitive equipment leases with up to 100% financing to help free up capital for other business needs. Flexible lease-end options are available.

Applications for all Union Bank loans, lines, and leases must be received by November 30, 2010.

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80 billion at September 30, 2010. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 397 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on September 30, 2010. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.

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¹ Offer valid for business installment loans up to $500,000 or for commercial real estate loans up to $1,000,000. Offer valid for completed applications received by 11/30/10 and booked by 12/31/10. Financing subject to credit and collateral approval. Other restrictions may apply. Terms and conditions subject to change. Some out-of-pocket expenses may still apply, such as title insurance, escrow, tax, and recording fees. Commercial property must be at least 51% owner-occupied. A good faith deposit is required upon loan approval. Offer limited to business customers located in CA, OR, or WA, one per business customer, non-transferable and non-negotiable, and not valid with other offers.

² Offer valid for completed applications received by 11/30/10 and booked by 12/31/10. Financing subject to credit and collateral approval. Other restrictions may apply. Terms and conditions subject to change. Offer limited to business customers located in CA, OR, or WA, one per business customer, non-transferable and non-negotiable, and not valid with other offers.

³ Offer valid for completed applications received by 11/30/10 and booked by 12/31/10. Financing subject to credit and collateral approval. Other restrictions may apply. Terms and conditions subject to change. 90% financing on new vehicle purchase price, plus tax and license. 80% financing on used vehicle purchase price, plus tax and license. Minimum finance amount for both new and used vehicles is $100,000. Offer applies to Commercial Vehicles not listed in Kelley Blue Book. Offer limited to business customers located in CA, OR, or WA, one per business customer, non-transferable and non-negotiable, and not valid with other offers.

⁴ Union Bank – Small Business Financing Promotions Page 3 Offer valid for completed applications received by 11/30/10 and booked by 12/31/10. Get up to $150 off the equipment lease documentation fee on a new equipment lease. Equipment leasing provided by De Lage Landen Financial Services, Inc. Union Bank and De Lage Landen are separate legal entities, which are not affiliated with each other in any way by common ownership, management, control, or otherwise. The content, availability, and processing accuracy of their web sites and products are the responsibility of each respective company. Union Bank makes no representations or warranties as to the suitability, accuracy, completeness or timeliness of the information provided by third parties. De Lage Landen’s lease financing subject to lessee credit, collateral, and vendor approval. Lease financing available to businesses located in CA, OR, or WA. Other restrictions apply. Terms and conditions subject to change.