The Bank of Tescott
The Bank of Tescott is an active SBA lender in Kansas, a bank offering SBA-guaranteed small-business loans. Currently rated 4.6 stars across 9 Google reviews.
About The Bank of Tescott
The Bank of Tescott offers specialized SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the local Tescott community, this institution provides a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or expansion projects. The bank prides itself on personalized service and flexible lending criteria to help small business owners achieve their goals. Whether you're starting a new venture or expanding an existing business, The Bank of Tescott can assist with financing solutions designed to meet your needs. Their experienced team works closely with clients to navigate the loan process, ensuring a smooth experience from application to approval. The bank also offers guidance on SBA programs and helps borrowers understand eligibility requirements, documentation needed, and repayment options. Committed to supporting local entrepreneurs, The Bank of Tescott aims to foster economic growth within the community by providing accessible and reliable financial services. Their dedication to small business success makes them a valuable partner for local business owners seeking SBA-backed funding opportunities.
Common questions about The Bank of Tescott
What is this place and what can I find here?
This is a local bank offering SBA loan programs and small business financing solutions to help entrepreneurs grow their businesses.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Is there a fee to use this?
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the Tescott community and surrounding areas.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, but other factors are also considered during underwriting.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes around 2 to 4 weeks, depending on the completeness of documentation and loan specifics.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and The Bank of Tescott 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 The Bank of Tescott to confirm current weekend availability before you go.
How do I get there and where do I park?
The Bank of Tescott is located in Kansas — 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.
Who owns or operates this listing?
This page is an independent directory listing for The Bank of Tescott, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Bank of Tescott itself, which runs its own lending under its own ownership. If you work at The Bank of Tescott, 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 Tescott — 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 Tescott before applying. If you represent The Bank of Tescott, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Bank of Tescott by phone at (785) 283-4217 or online at bankoftescott.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 Tescott before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The Bank of Tescott 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 Tescott 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 Tescott participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Tescott 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 Tescott 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 Tescott's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Tescott 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 Tescott 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 Tescott 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 Tescott 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 Tescott weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Tescott how it evaluates prior bankruptcies.
