Mid America Bank

This is a trusted SBA lender offering small business financing solutions, including SBA 7(a) loans, to help entrepreneurs grow and succeed. You can find personalized guidance, loan options, and support throughout the application process. They serve local and regional clients with expertise in SBA lending and small business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Contact the bank beforehand to confirm the best way to meet your needs.

Mid America Bank's lobby hours are typically 7:30 AM to 4:30 PM with drive-up service to 6:00 PM, though hours vary by branch. Friday hours run 7:30 AM to 3:30-5:00 PM lobby and 5:30-6:00 PM drive-up. Contact your local branch to confirm.

There are no fees for accessing basic consultation services, but loan processing and origination fees may apply depending on the loan terms. All fees are disclosed upfront during the application process.

This lender primarily serves small business owners within the regional area, but they welcome applications from qualified entrepreneurs meeting their lending criteria. Residency is not strictly required, but business location and eligibility are important factors.

A minimum personal credit score of 620 is generally required, though higher scores improve approval chances. The bank considers overall creditworthiness and business viability as well.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and the complexity of your loan request. Prompt submission of required documents can help expedite the process.

Mid America Bank is open on Saturday from 8:00 AM to 11:00 AM (hours vary by location) and closed on Sundays.

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

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

You can reach Mid America Bank by phone at (573) 606-6363 or online at midambk.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 Mid America Bank before relying on them.

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