First Option Bank

This is a community-focused bank offering SBA loan programs and personalized financial services tailored to small businesses and entrepreneurs in Kansas.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

First Option Bank's main lobby is open Monday through Friday from 8:00 AM to 5:00 PM. Hours vary by location and drive-up service may extend to 6:00 PM. Please confirm specific hours with your local branch.

There are no fees for visiting the bank; however, loan processing and service fees may apply depending on the product.

This bank primarily serves residents and small businesses within the Kansas region, but eligibility varies by service.

Typically, a minimum personal credit score of 640 is required, though higher scores improve approval chances.

The underwriting process generally takes between 30 to 45 days, depending on the loan complexity and completeness of documentation.

First Option Bank is closed on Sundays, but select locations offer Saturday hours from 8:00 AM to 12:00 PM. Please confirm your local branch's weekend availability.

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

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

Contact First Option Bank at (913) 557-0800 or email customerservice@firstoptionbank.com. Confirm specific SBA loan details with their business lending department.

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