Southern Bank

This is a financial institution offering SBA loan programs to small businesses, providing funding solutions such as SBA 7(a) loans, and supporting local economic growth. You can find personalized banking services, expert advice, and assistance with loan applications tailored to small business needs.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits are also accepted depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

Southern Bank's Poplar Bluff Oak Grove location is open Monday through Friday from 8:00 AM to 5:00 PM. Confirm current hours with the branch at (855) 452-7272.

There may be application and closing fees associated with SBA loans, but these are clearly outlined during the application process. There are no fees for simply visiting or consulting with the bank.

This bank primarily serves small business owners and residents within the region. Eligibility for SBA loans depends on meeting specific credit and business criteria.

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

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

The branch is closed on weekends, though ATM services are available 24/7. Contact Southern Bank at (855) 452-7272 to confirm.

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

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

You can reach Southern Bank by phone at (573) 778-1800 or online at bankwithsouthern.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 Bank before relying on them.

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