The Bank of Old Monroe
The Bank of Old Monroe is an active SBA lender in Missouri, a bank offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 41 Google reviews.
$7M
in SBA approvals since 2010
15
SBA loans funded
Restaurants & Food Service · Fitness & Recreation · Manufacturing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The Bank of Old Monroe
The Bank of Old Monroe offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or operational needs. With a focus on fostering local economic development, this institution provides various loan options backed by the SBA, including the popular 7(a) program. Clients can benefit from personalized service and flexible financing solutions designed to meet diverse business requirements. The bank's experienced team guides borrowers through the application process, ensuring clarity and support at every step. Whether you're looking to expand, acquire assets, or improve cash flow, the Bank of Old Monroe is committed to helping your business succeed with competitive terms and dedicated assistance.
Common questions about The Bank of Old Monroe
What is this place and what can I find here?
This is a commercial bank that offers SBA loan programs to support small and medium-sized business growth, including the popular 7(a) loans. You can find personalized financial solutions, expert guidance, and access to funding designed to help your business succeed.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment with a loan officer to ensure dedicated time and personalized service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The Bank of Old Monroe is open Monday through Thursday 8:30 AM to 4:00 PM, Friday 8:30 AM to 5:00 PM, and Saturday 8:30 AM to 12:00 PM; confirm these hours with the bank as they may vary.
Is there a fee to use this?
There are no fees to inquire about SBA loans, but standard loan closing costs and guaranty fees may apply during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local businesses and residents within the region, but SBA loan programs are available to eligible businesses nationwide.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 or higher is generally preferred for loan qualification.
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 application and completeness of documentation.
Is this open on weekends?
The Bank of Old Monroe is open Saturday 8:30 AM to 12:00 PM but closed Sunday. SBA lending staff availability on weekends should be confirmed with the bank.
How do I get there and where do I park?
The Bank of Old Monroe is located at 2100 Highway C, Old Monroe, MO 63369, minutes from downtown off Highway 79. Directions are available on their website; contact the bank for specific parking information.
Who owns or operates this listing?
This page is an independent directory listing for The Bank of Old Monroe, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Bank of Old Monroe itself, which runs its own lending under its own ownership. If you work at The Bank of Old Monroe, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Bank of Old Monroe — 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 The Bank of Old Monroe before applying. If you represent The Bank of Old Monroe, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Bank of Old Monroe by phone at (636) 665-5601 or online at bankofoldmonroe.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 The Bank of Old Monroe before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The Bank of Old Monroe 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 The Bank of Old Monroe directly which industries 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 The Bank of Old Monroe participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Old Monroe 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. The Bank of Old Monroe 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. The Bank of Old Monroe's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Old Monroe 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 The Bank of Old Monroe 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 The Bank of Old Monroe 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 The Bank of Old Monroe 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. The Bank of Old Monroe weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Old Monroe how it evaluates prior bankruptcies.
