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Small Business Administration (SBA) Loans

Not all lenders are the same. At The Bank of Missouri, we are a nationally-recognized, award-winning SBA Preferred Lender.

What does that mean for you? We can make decisions locally, making the process quicker and easier. We’ll also get to know your goals and offer a loan solution that best fits your needs.

We have small business lenders across the state who focus on SBA loans, all day, every day. Our team understands small businesses and takes the complexity out government-backed loans.

Let’s Talk About Your SBA Loan

We can give you a long list of ways SBA loans can help your business. But really, you should be the one telling us what your business needs. That’s how The Bank of Missouri benefits you. Our experienced SBA lending team can help you take advantage of the many benefits available through the SBA loan program. Let’s have a conversation. We can’t wait to help.

Let’s Talk

SBA Loan Success Stories

Don’t just take it from us. Listen to our customers talk about their SBA loan experience at The Bank of Missouri. It’s their stories - in their own words.

Anne Churchill
AnnaBelle Events in Columbia, Missouri

Anne started her event planning business with a big idea. Watch how an SBA loan helped turn her dreams into reality.

Chase Kelly
Kelly Dental in Springfield, MO

Dr. Kelly knew he wanted to buy a practice. An SBA loan made it happen.

More SBA Stories

Frequently Asked SBA Loan Questions 

How does the SBA program work?

The U.S. Small Business Administration’s mission is to help entrepreneur start, build, and grow businesses. The SBA does not directly provide the loan. Rather, a lender provides the actual loan to the borrower and the SBA guarantees a portion of the loan. The SBA program allows lenders to make loans that may not otherwise meet conventional loan underwriting. Visit https://www.sba.gov/ to learn more.

What is an SBA Preferred Lender?

As an SBA Preferred Lender, the SBA allows The Bank of Missouri to make lending decisions on their behalf. This can make the process faster for the borrower. 

Who is eligible for an SBA Loan?

Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesalers, retail and service businesses as well as independent or franchise businesses.

How much can I borrow?

Loan sizes vary and can go as high as $5 million.

Are there any fees associated with SBA loans?

SBA guarantee fees are based upon the loan amount and may be financed into the loan.

How long does it take to get an SBA loan?

The time it takes to get an SBA loan depends on several variables, including how quickly you are able to submit the necessary paperwork and information. The process is much quicker and more streamlined at The Bank of Missouri because of our SBA Preferred Lender status, which gives us the authority to complete the entire loan process from start to finish.

What are the benefits of an SBA loan?

When considering a loan for your business, there are a few advantages versus traditional financing.

  • Credit on reasonable terms when it may not otherwise be available
  • Longer term and amortization options
  • Lower payments improve cash flow
  • Competitive interest rate, fixed or variable
  • Flexible terms and conditions
  • Lower down payments
  • No balloon payments

What type of SBA loan is best for me?

We look forward to getting to know your business and assisting you in selecting the right loan. The SBA has a handy quick reference guide you might also find helpful. 

Learn about SBA Loans from our Lenders

Watch our lending team talk about the various types of SBA loans available and what makes The Bank of Missouri the best place to get one for your business.

Watch the SBA Video Guides

 
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