OMB Bank
Description
Offering comprehensive SBA loan services, this commercial bank specializes in supporting small to medium-sized businesses with their financial needs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to help your business grow. Their expertise includes SBA 7(a) loans, which are ideal for a variety of business purposes, and they have a strong track record of approving substantial loan amounts, with the largest recorded approval reaching over $4.9 million. Located conveniently in Springfield, MO, the bank is committed to serving local entrepreneurs and businesses across the region with personalized service and competitive rates.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
27
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs designed to support small and medium-sized businesses. You can find information about loan options, application processes, and assistance with business financing needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, from 9:00 AM to 5:00 PM. Specific hours may vary, so it"s best to contact the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank. Fees are associated with loan processing, application, and closing costs, which are disclosed during the loan application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Springfield area, but they also support clients from surrounding regions seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, but the bank considers other factors such as business performance and collateral when evaluating applications.
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 loan and completeness of the application.