Labette Bank
Labette Bank 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 Labette Bank
Labette Bank offers comprehensive SBA loan services tailored to support small businesses in their growth and operational needs. With a focus on facilitating access to capital, the bank provides various SBA programs, including the popular 7(a) loan program, to help entrepreneurs secure funding for expansion, equipment, or working capital. Located in Altamont, Kansas, Labette Bank is committed to serving local businesses with personalized financial solutions and expert guidance. Their team specializes in understanding the unique challenges faced by small business owners and works diligently to streamline the loan process, ensuring timely approval and funding. Whether you're a startup or an established enterprise, Labette Bank aims to be a trusted partner in your business journey, leveraging their local expertise and SBA program knowledge to support your success.
Industries Labette Bank finances
Business types Labette Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Labette Bank
What is this place and what can I find here?
This is a local bank offering SBA loan programs and financial services tailored for small businesses in Kansas, including support for startups and established companies.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates from 9 AM to 5 PM, Monday through Friday.
Is there a fee to use this?
Fees depend on the specific loan and service; details are provided during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners within Kansas.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the loan complexity and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Labette Bank 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 Labette Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Labette Bank 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 Labette Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Labette Bank itself, which runs its own lending under its own ownership. If you work at Labette Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Labette Bank — 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 Labette Bank before applying. If you represent Labette Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Labette Bank by phone at (620) 784-5311 or online at labettebank.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 Labette Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Labette Bank most often finances businesses in general retail and hotels & lodging. This reflects Labette Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Labette Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
Yes, Labette Bank offers SBA Express with 36-hour SBA approval through their online process, including revolving lines of credit. Contact them to confirm current participation and terms.
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. Labette Bank 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?
Yes, Labette Bank offers SBA Program financing for start-up enterprises and new businesses. Contact them to confirm specific eligibility requirements and documentation needed.
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 Labette Bank 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 Labette Bank 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 Labette Bank 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. Labette Bank weighs this case by case under its own policy, so be upfront about your history and ask Labette Bank how it evaluates prior bankruptcies.
