OakStar Bank

This is a financial institution offering SBA loan programs and small business financing solutions. You can find personalized support, loan options, and guidance tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

OakStar Bank is available 24 hours a day, 7 days a week. Confirm with the lender for specific branch and SBA lending staff hours.

There are standard fees associated with SBA loans, including guarantee fees and closing costs, which vary depending on the loan size and terms.

This lender primarily serves small business owners and entrepreneurs in the Springfield region, but eligibility depends on meeting loan requirements.

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.

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

Yes, OakStar Bank is available 24 hours a day, 7 days a week, including weekends. Confirm with the lender for SBA lending staff weekend availability.

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

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

You can reach OakStar Bank by phone at (417) 877-2020, email customerservice@oakstarbank.com, or at oakstarbank.com. For SBA loans, ask for their business lending department.

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