BANK 21

This is a financial institution that offers SBA loan programs to small businesses, providing funding solutions for growth, expansion, and working capital needs. They focus on personalized service and guiding clients through the loan process to ensure successful funding. Located in Carrollton, Missouri, they serve local and regional small businesses with a variety of SBA financing options.

It's recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may be available during business hours. Contact the branch ahead of your visit to ensure personalized assistance and to confirm availability.

The bank typically operates Monday through Friday from 9:00 AM to 5:00 PM. However, hours may vary, so it's best to call ahead or check their website for specific times.

There are no fees to apply for an SBA loan, but certain application and processing fees may apply depending on the loan type and amount. These fees are discussed during the loan consultation.

This lender primarily serves small business owners who meet SBA eligibility requirements, which generally include being a U.S. citizen or legal resident and operating within the supported regions. Business owners do not need to be members or residents of a specific community to qualify.

A minimum personal credit score of 620 is typically required, though higher scores improve the chances of approval and better loan terms.

The underwriting process generally takes between 30 to 60 days, depending on the completeness of the application and the complexity of the loan.

Most banks keep weekday business hours and are closed on weekends, and BANK 21 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 BANK 21 to confirm current weekend availability before you go.

BANK 21 is located in Missouri — 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 BANK 21, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by BANK 21 itself, which runs its own lending under its own ownership. If you work at BANK 21, you can claim this listing from this page to manage it.

The core details for BANK 21 — 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 BANK 21 before applying. If you represent BANK 21, claim this listing to keep its information up to date.

You can reach BANK 21 by phone at (660) 542-2000 or online at bank21.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 BANK 21 before relying on them.

Like most SBA lenders, BANK 21 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 BANK 21 directly which industries 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 BANK 21 participates in SBA Express depends on its specific SBA lending authority. Contact BANK 21 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. BANK 21 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. BANK 21's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask BANK 21 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 BANK 21 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 BANK 21 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 BANK 21 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. BANK 21 weighs this case by case under its own policy, so be upfront about your history and ask BANK 21 how it evaluates prior bankruptcies.