Legacy Bank & Trust Company
Legacy Bank & Trust Company is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 3.5 stars across 8 Google reviews.
About Legacy Bank & Trust Company
Legacy Bank & Trust Company 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 SBA 7(a) loans, the bank provides flexible financing options that help entrepreneurs access capital with favorable terms and competitive rates. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Mt. Grove, Missouri, they serve local businesses with personalized service and deep industry knowledge. The bank specializes in small business lending, including real estate, equipment, and working capital loans, making it a reliable partner for business owners looking to secure funding. Whether you're a startup or an established enterprise, Legacy Bank & Trust Company is committed to helping you achieve your financial goals with tailored solutions and dedicated support.
Common questions about Legacy Bank & Trust Company
What is this place and what can I find here?
This is a bank offering SBA loan programs and small business financing options, providing personalized support for entrepreneurs and business owners.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
The bank operates Monday through Friday from 8:30 am to 5:00 pm, with appointments available outside regular hours upon request.
Is there a fee to use this?
There are no fees for simply visiting; however, loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and businesses within the region, but eligibility depends on meeting lending criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and documentation provided.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Legacy Bank & Trust Company 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 Legacy Bank & Trust Company to confirm current weekend availability before you go.
How do I get there and where do I park?
Legacy Bank & Trust Company 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 Legacy Bank & Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Legacy Bank & Trust Company itself, which runs its own lending under its own ownership. If you work at Legacy Bank & Trust Company, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Legacy Bank & Trust Company — 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 Legacy Bank & Trust Company before applying. If you represent Legacy Bank & Trust Company, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Legacy Bank & Trust Company by phone at (417) 926-6090 or online at legacybankandtrust.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 Legacy Bank & Trust Company before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Legacy Bank & Trust Company 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 Legacy Bank & Trust Company 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 Legacy Bank & Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Legacy Bank & Trust Company 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. Legacy Bank & Trust Company 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. Legacy Bank & Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Legacy Bank & Trust Company 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 Legacy Bank & Trust Company 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 Legacy Bank & Trust Company 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 Legacy Bank & Trust Company 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. Legacy Bank & Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Legacy Bank & Trust Company how it evaluates prior bankruptcies.