Andover State Bank

This is a local community bank that provides SBA loan services to help small businesses access capital for growth and operational needs. You can find personalized support and a range of financial products tailored to your business goals. The bank's team guides you through the application process, making it easier to secure the funding you need.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits are also welcome during business hours. Calling ahead can help you prepare and streamline your visit.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It's best to call ahead to confirm hours or schedule an appointment outside regular hours if needed.

There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the specific loan product and terms. It's advisable to discuss fee structures directly with a loan officer.

This bank primarily serves local residents and businesses within the region. However, eligibility for SBA loans depends on meeting specific criteria, not just residency.

A minimum personal credit score of around 640 is generally preferred, but higher scores improve the chances of approval. The bank evaluates the overall creditworthiness of the borrower and guarantor.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation. Early preparation can help expedite the process.

Most banks keep weekday business hours and are closed on weekends, and Andover State 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 Andover State Bank to confirm current weekend availability before you go.

Andover State 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.

This page is an independent directory listing for Andover State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Andover State Bank itself, which runs its own lending under its own ownership. If you work at Andover State Bank, you can claim this listing from this page to manage it.

The core details for Andover State 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 Andover State Bank before applying. If you represent Andover State Bank, claim this listing to keep its information up to date.

You can contact Andover State Bank at (316) 733-1375, visit goasb.com, or email their VP of Mortgage Lending, Christy Almquist, at christy.almquist@goasb.com. For SBA lending services, please confirm availability directly with the bank.

Based on its approved SBA loans, Andover State Bank most often finances businesses in restaurants & food service and manufacturing. This reflects Andover State 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 Andover State Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Andover State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Andover State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Andover State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Andover State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Andover State Bank directly whether it considers start-up loans.

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 Andover State Bank what down payment it expects for your specific commercial real estate purchase.

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 Andover State Bank to spell out any prepayment penalties before you sign.

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 Andover State Bank to confirm it qualifies and how to document it.

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. Andover State Bank weighs this case by case under its own policy, so be upfront about your history and ask Andover State Bank how it evaluates prior bankruptcies.