SBA Lending

A business needs access to available capital to grow and be competitive. When your firm needs financing for new equipment, working capital or to purchase a commercial building, consider an SBA Loan with Kearney Trust Company. We are deeply committed to providing an exceptional level of service through fast, in-house decision making.

Small Business Administration Loan Options

The Small Business Administration does not make direct loans to small businesses. Rather, SBA sets the guidelines for loans, which are then made by partners like Kearney Trust Company. So when a business applies for an SBA loan, it is actually applying for a commercial loan, structured according to SBA requirements with an SBA guaranty.

Kearney Trust Company offers 7(a), SBA Express and 504 lending options.

7(a) Loans

If you are approved for a 7(a) loan, the loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business. Some eligible uses of a 7(a) loan include: commercial real estate acquisition, new construction or facility expansion, equipment purchase, long or short term working capital, and purchase of an existing business.

SBA Express Loans

This program is a streamlined version of the 7(a) SBA loan program with less government mandated forms and procedures. The SBA sets a maximum loan amount of $350,000 on this program.

504 Loans

The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. These loans are typically structured so that the borrower's obligation is only 10% of the project costs, though under certain circumstances a borrower may be obligated to up to 20%.

What you need to get started:

  • Proof of past and future earnings
  • A personal and business credit history
  • A clearly defined business plan
  • A completed loan application

Contact a Kearney Trust Company Business Banker to Get Started

Phone Number: (816) 628-6666

Loan Department Email: loans@kearneytrust.com
NMLS #423039

 

Keith E. Doss

President
NMLS #454374
keith@kearneytrust.com

Barry W. Bishop

Vice President
NMLS #454373
barry@kearneytrust.com

Joe Wilmes

Vice President
NMLS #454377
joe@kearneytrust.com

Scott Middleton

Vice President
NMLS #454375
scott@kearneytrust.com