Get the funding your business needs from the Top SBA Lender in the State of Kansas.
When traditional financing falls short, SBA loans can offer out-of-the-box solutions to meeting the needs of your business.
With one of the top SBA lending teams in the Midwest, Kendall Bank can help you find the right SBA loan for your situation.
What is an SBA loan?
SBA loans are small business loans partially guaranteed by the U.S. Small Business Administration and issued by its partnering lenders, community development organizations, and micro-lending institutions.
SBA loans generally have tight lending standards, but with flexible terms and low rates, they can be one of the best options for financing a business.
How can I use an SBA loan?
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can be used for virtually anything, including:
- Short- and long-term working capital
- Refinancing current business debt
- Acquiring a business
- Buying out a partner
- Purchasing real estate
- Purchasing equipment, furniture, fixtures, and supplies
The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates.
What are the benefits of an SBA loan?
Loans guaranteed by the SBA allow lenders to provide loans to cash flowing borrowers who may not be able to fully secure traditional financing.
In addition, SBA loans can offer:
- Longer repayment terms and lower monthly payments
- Lower down payments to help with upfront costs
- Competitive fixed or variable interest rates
How do I apply for an SBA loan?
One of our dedicated SBA Loan Officers at Kendall Bank can help guide you through that process and answer any questions you have along the way.