Legacy National Bank
Legacy National Bank is an active SBA lender in Arkansas, a bank offering SBA-guaranteed small-business loans. Currently rated 4.0 stars across 25 Google reviews.
$72M
in SBA approvals since 2010
165
SBA loans funded
Restaurants & Food Service · Fitness & Recreation · Construction & Contractors
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Legacy National Bank
Legacy National Bank offers comprehensive SBA lending services tailored to support small and medium-sized businesses in securing financing for growth and operational needs. With a focus on SBA 7(a) loans, they provide flexible funding options that can be used for working capital, equipment, real estate, and more. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Springdale, Arkansas, the bank prides itself on personalized service and a deep understanding of local business needs. Whether you're a startup or an established enterprise, they aim to facilitate your financial goals with tailored solutions and competitive terms. The bank's commitment to supporting small businesses is reflected in their extensive SBA program history and dedication to client success. They also offer additional financial products to complement SBA loans, making them a versatile partner for your business growth journey.
Serves SBA borrowers in 2 states
Legacy National Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Legacy National Bank finances
Business types Legacy National Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Legacy National Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and business financing solutions designed to help small and medium-sized enterprises grow and succeed with personalized service and expert guidance.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may be available depending on staffing and availability.
What are the hours of operation?
Legacy National Bank's Springdale headquarters operates Monday through Friday, 8:00 AM to 5:00 PM for lobby service, with extended drive-thru hours 7:30 AM to 6:00 PM and ITM access 7:00 AM to 7:00 PM; other branches maintain similar schedules. Confirm specific hours for your branch location directly with the bank.
Is there a fee to use this?
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the services utilized.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business owners and entrepreneurs within its regional area, but eligibility depends on meeting specific lending criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, though higher scores can improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
Is this open on weekends?
Legacy National Bank's headquarters and most branches are closed for lobby service on weekends, but offer Saturday drive-thru and ITM access from 9:00 AM to 12:00 PM. Confirm weekend availability at your specific branch location.
How do I get there and where do I park?
Legacy National Bank is located in Arkansas — 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.
Who owns or operates this listing?
This page is an independent directory listing for Legacy National Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Legacy National Bank itself, which runs its own lending under its own ownership. If you work at Legacy National Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Legacy National 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 Legacy National Bank before applying. If you represent Legacy National Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Legacy National Bank by phone at (479) 717-1900 or online at legacyar.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 Legacy National Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Legacy National Bank most often finances businesses in restaurants & food service, general retail, construction & contractors, food manufacturing & processing, and medical practices & clinics. This reflects Legacy National 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 Legacy National Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Legacy National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Legacy National Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Legacy National Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Legacy National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Legacy National Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Legacy National Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Legacy National Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Legacy National Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Legacy National Bank weighs this case by case under its own policy, so be upfront about your history and ask Legacy National Bank how it evaluates prior bankruptcies.
