Community National Bank & Trust
Community National Bank & Trust is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 21 Google reviews.
About Community National Bank & Trust
Community National Bank & Trust offers comprehensive SBA lending services designed to support small businesses in securing financing for growth and development. With a focus on personalized service, the bank provides various SBA loan programs including the 7(a) program, which is ideal for working capital, equipment purchases, and business expansion. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank's expertise in SBA lending helps entrepreneurs access funds up to $192,000, making it a reliable partner for small business owners seeking flexible financing options. Located in Chanute, Kansas, the bank also offers local insights and tailored solutions to meet regional economic demands. Whether you're a startup or an established business, Community National Bank & Trust is committed to helping you achieve your financial goals with personalized support and industry expertise.
Common questions about Community National Bank & Trust
What is this place and what can I find here?
This is a community bank offering SBA loan programs and financial services tailored to small businesses in the Chanute area. You can find expert guidance, personalized support, and access to funding options like the SBA 7(a) loan to help grow your business.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may also be available during business hours. Calling ahead ensures dedicated time and preparation for your financing needs.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to contact the branch directly for specific appointment times or after-hours services.
Is there a fee to use this?
There are no fees for initial consultations. Loan application fees and other charges may apply depending on the specific financing product and terms.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small businesses within the region, but non-residents may also apply if they meet certain criteria and have a local presence.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Community National Bank & Trust 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 Community National Bank & Trust to confirm current weekend availability before you go.
How do I get there and where do I park?
Community National Bank & Trust is located at the address listed on this page — 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 Community National Bank & Trust, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Community National Bank & Trust itself, which runs its own lending under its own ownership. If you work at Community National Bank & Trust, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Community National Bank & Trust — 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 Community National Bank & Trust before applying. If you represent Community National Bank & Trust, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Community National Bank & Trust by phone at (620) 431-2265 or online at mybankcnb.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 Community National Bank & Trust before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Community National Bank & Trust 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 Community National Bank & Trust 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 Community National Bank & Trust participates in SBA Express depends on its specific SBA lending authority. Contact Community National Bank & Trust 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. Community National Bank & Trust 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. Community National Bank & Trust's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Community National Bank & Trust 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 Community National Bank & Trust 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 Community National Bank & Trust 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 Community National Bank & Trust 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. Community National Bank & Trust weighs this case by case under its own policy, so be upfront about your history and ask Community National Bank & Trust how it evaluates prior bankruptcies.