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The Walton State Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on fostering local economic growth, it provides tailored financing options for entrepreneurs and established companies alike. The bank is well-versed in SBA 7(a) loans, providing funding for business expansion, working capital, and acquisition needs. Located in Walton, Kansas, it serves the community with a commitment to accessible financial solutions. The bank’s experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Its primary NAICS code, 721110, indicates a strong presence in the hospitality industry, particularly in lodging and accommodations. The institution’s approval amounts can reach up to $1,385,000, making it suitable for a wide range of business sizes and needs. Whether you’re seeking small microloans or larger funding packages, this bank offers flexible options to meet your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
3
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs to support small business growth in Walton, Kansas. You can find assistance with financing for expansion, working capital, and acquisitions, tailored to your company"s needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access the bank"s services, but standard loan application and processing fees may apply for specific SBA programs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in the Walton area, but may consider out-of-town applicants based on eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for SBA loan eligibility.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
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