Bank of Labor
Bank of Labor is an active SBA lender in Kansas, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 1 Google reviews.
About Bank of Labor
Bank of Labor offers comprehensive SBA loan services tailored to meet the financing needs of small businesses across various industries. With a focus on supporting business growth, the bank provides flexible loan options including SBA 7(a) and 504 programs, helping entrepreneurs secure funding for expansion, equipment, or working capital. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Overland Park, Kansas, they serve a diverse range of industries with personalized service and competitive rates. Whether you're a startup or an established business, Bank of Labor is committed to fostering economic development through accessible lending solutions. Their expertise in SBA lending makes them a reliable partner for business owners seeking reliable capital sources. The bank's commitment to community and small business success is evident in their tailored approach and dedication to customer service. They support a broad spectrum of industries, with particular strength in commercial and industrial sectors, providing the financial tools necessary for growth and stability. If you're looking for a trusted local partner to help fund your business ambitions, Bank of Labor offers the experience and resources to assist you every step of the way.
Common questions about Bank of Labor
What is this place and what can I find here?
This is a financial institution offering SBA loan programs, business financing solutions, and expert guidance to help small businesses grow and succeed. You can find personalized lending options, industry-specific support, and resources tailored to your business needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-in consultations may also be available during business hours. Contact the branch ahead of time to confirm availability and arrange a meeting.
What are the hours of operation?
The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it's best to call ahead or check their website for current hours.
Is there a fee to use this?
There are no fees for simply visiting or consulting at the branch. Loan application fees and other charges may apply depending on the services and financing options selected.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business owners and entrepreneurs in the local community and surrounding regions. Eligibility is based on business criteria and creditworthiness, not residency alone.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 650 is preferred, though higher scores improve the chances of approval and favorable terms.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Bank of Labor typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Bank of Labor to confirm current weekend availability before you go.
How do I get there and where do I park?
Bank of Labor is located in Kansas — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Bank of Labor, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bank of Labor itself, which runs its own lending under its own ownership. If you work at Bank of Labor, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Bank of Labor — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Bank of Labor before applying. If you represent Bank of Labor, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Bank of Labor by phone at (913) 321-4242 or online at bankoflabor.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Bank of Labor before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Bank of Labor can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Bank of Labor directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Bank of Labor participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Labor and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Bank of Labor can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Bank of Labor's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Labor directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Bank of Labor what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Bank of Labor to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Bank of Labor to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Bank of Labor weighs this case by case under its own policy, so be upfront about your history and ask Bank of Labor how it evaluates prior bankruptcies.
