Community National Bank & Trust
At a Glance
A local desk whose SBA page says purchasing an existing business before anything else, and whose site says nothing about status, size or people; a Kansas, Missouri or Oklahoma buyer's first call, on paper.
- Pricing
- Custom Pricing, Loan products; terms by term sheet. No size, rate, fee or term is published for the SBA loan; its page says loan maturities follow the ability to repay, the purpose of the loan and the useful life of the assets financed, and that no page is a commitment to lend.
- Best For
- A buyer in Kansas, Missouri or Oklahoma who wants a local desk whose SBA page names buying an existing business first, and will take a printed financial statement to a banking center.
- Roadmap Stages
- 5. Diligence & Close the Deal
Pros and Cons
Pros
- Its SBA page's first detail is that the loan is available for start-ups as well as purchasing and refinancing existing businesses
- Lists business acquisition or expansion third among six needs it says it prices competitively for
- Says the reader will work with people who know the community and can make decisions without the runaround
- A commercial application form it says a representative answers within one business day
Cons
- States no program status: no page calls it a Preferred Lender or names Express or a 504 partner
- No size, rate, fee or term for any loan, and no SBA banker or team is named on any page
- The way in is paper: a financial statement form to complete, print and take to a banking center, and an account prompt on every page turns away readers outside its three states
- Names no search fund, searcher or acquisition entrepreneur
What Searchers Say
Read on its SBA page, its commercial loans hub, its line of credit, real estate and equipment pages, its commercial application, about, locations and contact pages and its blog index, which holds only test posts. No searcher-forum discussion of the desk was found.