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Andover State Bank

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Description

Andover State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans that help entrepreneurs access capital for various purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency. Their SBA programs are designed to accommodate a wide range of business types and sizes, emphasizing flexible terms and competitive rates. Located in Andover, Kansas, the bank leverages local market knowledge to serve businesses across the region, fostering economic development and community growth. Whether you’re starting a new venture or expanding an existing business, Andover State Bank is committed to supporting your success with tailored financial solutions and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a local community bank that provides SBA loan services to help small businesses access capital for growth and operational needs. You can find personalized support and a range of financial products tailored to your business goals. The bank"s team guides you through the application process, making it easier to secure the funding you need.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits are also welcome during business hours. Calling ahead can help you prepare and streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It"s best to call ahead to confirm hours or schedule an appointment outside regular hours if needed.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the specific loan product and terms. It"s advisable to discuss fee structures directly with a loan officer.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses within the region. However, eligibility for SBA loans depends on meeting specific criteria, not just residency.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, but higher scores improve the chances of approval. The bank evaluates the overall creditworthiness of the borrower and guarantor.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation. Early preparation can help expedite the process.
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