Southern Bancorp Bank

This is a bank that offers SBA loan programs tailored to small businesses, providing financing options for growth, expansion, and operational needs. They focus on personalized service and community development, helping local businesses succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.

The bank's typical hours are Monday through Friday from 8:00 AM to 5:00 PM, but it's best to call ahead for specific appointment times or special arrangements.

There are no fees to visit the bank, but loan applications and processing may involve fees depending on the specific loan program and terms.

This bank primarily serves residents and small business owners within Arkansas, focusing on community development and local economic growth.

While specific requirements can vary, a minimum personal credit score of around 650 is generally preferred for SBA loan qualification.

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

Most banks keep weekday business hours and are closed on weekends, and Southern Bancorp Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Southern Bancorp Bank to confirm current weekend availability before you go.

Southern Bancorp 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.

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

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

You can reach Southern Bancorp Bank by phone at (870) 246-5828 or online at banksouthern.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 Southern Bancorp Bank before relying on them.

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