States Served
Top Industries Financed
- Custom Computer Programming Services
- Motor Vehicle Supplies and New Parts Merchant Wholesalers
Quick Summary
First Option Bank is an SBA-approved lender headquartered in OSAWATOMIE, Kansas. Since 2020, they have approved 2 SBA 7(a) loans totaling $624K, with an average loan size of $312K. They primarily serve Kansas businesses.
About First Option Bank
First Option Bank is an SBA-approved lender headquartered in OSAWATOMIE, Kansas. Since 2020, they have approved 2 SBA 7(a) loans totaling $624K, with an average loan size of $312K. They primarily serve businesses in Kansas.
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Frequently Asked Questions
Is First Option Bank an SBA Preferred Lender?
First Option Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has First Option Bank approved?
According to SBA FOIA public records, First Option Bank has approved 2 SBA 7(a) loans totaling $624K since 2020. Their average loan size is $312K.
What states does First Option Bank serve?
First Option Bank primarily serves businesses in Kansas.
How do I apply for an SBA loan with First Option Bank?
To apply for an SBA 7(a) loan with First Option Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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