Community National Bank & Trust
At a Glance
A local desk whose SBA page names purchasing an existing business in its first detail, beside start-ups, 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 proceeds and the useful life of the assets financed. Its footnote says it is not 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 in its first detail, and will take a printed financial statement to a banking center.
- Track Record
- A Chanute, Kansas bank with banking centers in Kansas, Missouri and Oklahoma by its about page, whose SBA page names purchasing an existing business in its first detail and whose site names no status or person.
- Type
- Bank (lends directly)
- Footprint
- Banking centers in Kansas, Missouri and Oklahoma by its about page, from Chanute, Kansas; an account prompt on every page turns away readers who live outside those three states. It lends beyond the states it names, so one it does not name is worth asking about rather than ruling out.
- Approval Authority
- Claims no Preferred Lender status on its own pages, so plan on the agency reading the file after the bank does.
- No page states a Preferred Lender, Express or 504 status; its SBA page describes a federally backed loan with the speed and personal service of a local lender and names no program status. The preferred lender its home page names is the Farm Service Agency's.
- Deal Size
- $500k to $5M.
- Publishes no floor. Most of this shelf gives a ceiling that is really the agency's own cap, and no minimum at all.
- No amount at either end on any page for any loan; the SBA page publishes a maturities footnote and no figure.
- Searcher Practice
- A general SBA lending desk, branch-driven.
- A financial statement form to complete, print and take to a banking center; its online commercial form is an account-opening request answered within one business day by its page, not a loan application, and there is no online application for the SBA loan.
- No page names a search fund or a searcher; its SBA page's first detail names purchasing and refinancing existing businesses beside start-ups, and it lists business acquisition or expansion third of six needs.
- Published Terms
- No size, rate, fee or term for any loan; maturities follow the ability to repay, the purpose of the loan proceeds and the assets financed by its footnote.
- 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
- Says its people can make decisions without the runaround, and answers its online commercial account request within one business day by its page
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 address, which resolves to its about page. No searcher-forum discussion of the desk was found.
How to Approach
Community National Bank & Trust is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A prequalification on you and the target, often from the first email.
- A full application and the bank's own underwrite of the deal.
- A term sheet, then closing on the SBA's timeline, commonly two to four months.
What It Weighs
- Whether the business's cash flow covers the debt with room to spare.
- Your experience relative to the business you are buying.
- Your equity injection and how clean the financials are.
How to Prepare
- Model the payment and coverage before you call. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Show where every dollar comes from and goes. Sources & Uses Builder