Bank of Washington

This is a local bank that offers SBA loan programs to small businesses, providing financing options and expert guidance to help entrepreneurs grow and succeed.

It's recommended to schedule an appointment to meet with their SBA lending specialists, but walk-ins may also be accommodated depending on availability.

The Bank of Washington Downtown Washington Branch is open Monday through Friday from 8:30 AM to 5:00 PM CT. Please confirm these hours with the bank before visiting.

There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the specific loan program.

The bank primarily serves small business owners in Missouri, but SBA loan programs can be accessed by eligible entrepreneurs nationwide.

A minimum personal credit score of around 650 is generally preferred, though higher scores improve approval chances.

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

This branch does not operate on weekends, though a live ATM in the drive-thru is available Saturdays and Sundays from 9:00 AM to 1:00 PM CT. Please confirm with Bank of Washington if you need weekend business banking services.

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

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

You can reach Bank of Washington by phone at (636) 239-7831 or online at bankofwashington.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 of Washington before relying on them.

Based on its approved SBA loans, Bank of Washington most often finances businesses in manufacturing, fitness & recreation, and restaurants & food service. This reflects Bank of Washington'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 Bank of Washington 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 Bank of Washington participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Washington 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 of Washington 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 of Washington's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Washington 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 of Washington 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 of Washington 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 of Washington 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 of Washington weighs this case by case under its own policy, so be upfront about your history and ask Bank of Washington how it evaluates prior bankruptcies.