Kansas small business lenders offer a range of competitive loans to support business growth.
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Biglaw Investor connects you with small business lenders who can help you expand your business, whether through working capital or via acquisition. A small business loan loan is a great way to grow your business—but it can be hard to know where to start. Our small business lenders offer an experience specially tailored to your goals.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your business needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
Kansas is a state noted for its agricultural industry and is quite the beautiful state. Called The Sunflower State and America’s Heartland, there is no doubt that many small businesses exist here that support the country as a whole. Home to 2.9 million people, it has much to offer residents. Some of its largest cities include Topeka and Wichita, and the largest metro area is the Kansas City, MO – KS area. There are many things people know Kansas for, including its barbecue, the oil wells, and even its fields of flowers. Quite a bit of this state’s history showcases its importance in providing crop production for the rest of the country, especially its wheat crops spanning much of the Great Plains.
Kansas is a thriving state with several economic factors. Its economy is mostly agriculture, but there’s also a heavy influence of aerospace and manufacturing. A number of major companies have their headquarters here, including Cessna and Spirit AeroSystems. Yet, at the heart of this state is its small businesses. The U.S. Small Business Administration states there are 258,384 small businesses in the state. These businesses produce 601,429 employees, which makes up a considerable portion of the state’s workforce. These small businesses generate $24,949,449 in total payroll costs for those households.
When it comes to funding these businesses, there are numerous small business lenders in Kansas to help provide funding. The most recent three years of data from the U.S. Small Business Administration states there are 1,323 small business loans in the state with a loan volume of $739,459,506. The average loan size is $558,926. Many of these companies are reliant on those capital reserves as a way to grow and meet ongoing financial needs.
Small business loans are a financial tool that allows business owners to gain the capital they need to handle a wide range of costs. The funds are meant to support business operations, growth, and development, in most cases. Small business lenders in Kansas consistently work closely with companies of under 100 employees to provide them with access to valuable funding. Without a doubt, there is risk here to the lender, and that is why they expect repayment of the loan along with interest.
There are various types of loans and numerous lenders, including banks, credit unions, and private lenders. Each one offers different loan terms and conditions to meet the unique needs of the business. Most of the time, these loans are flexible and can be used for various needs such as funding to purchase equipment, marketing campaigns, the addition of new employees, product development, and expansion. Most lenders will work with borrowers to create a repayment plan that meets their ongoing needs, with most loan terms spanning 5 to 10 years.
To qualify for Kansas small business loans, most companies have to show they are profitable or have sizable revenue, enough to make payments on time on a consistent basis. To determine this, lenders will inquire about a variety of factors, such as the monthly revenue of the company, the industry, the types of products or services, and the competition. Many lenders expect borrowers to have at least one full year of operation or more, though startups may find some funding options available to them as well.
Often, the interest rate charged to the company is based on the overall creditworthiness of the borrower. That could be the business credit, but it is often the credit history of the business owner for companies that are not well established credit-wise. Small business lenders in Kansas offer a range of loan types to meet most needs, including:
Without a doubt, these financial tools are critical to supporting the growth of many small businesses. The good news is they can be readily available if you choose the right lender to meet your specific needs and credit.
Entrepreneurs who are beyond the business plan or founding stage of their company may look into small business loans to reach extra capital for growth. Whether you’re leasing equipment, looking to buy commercial real estate, or have other business needs, these may extend far beyond what you can cover with credit cards or lines of credit.
For that reason, looking into loan products and loan options is recommended for those exploring all financing options. Your local small business development center or economic development office may be able to help, too. Depending on your business structure, you might also be eligible for things like commercial real estate loans, nonprofit grants, microloans, and more.
| Rank | Bank Name | # of Kansas Loans | Avergage Interest Rate | Average Loan Size |
|---|---|---|---|---|
| 1 | Bank of Hays | 29 | 5.08% | $186,489 |
| 2 | The First National Bank of Syracuse | 20 | 5.91% | $745,405 |
| 3 | U.S. Bank | 20 | 6.46% | $126,235 |
| 4 | Emprise Bank | 18 | 4.40% | $747,261 |
| 5 | Equity Bank | 15 | 4.87% | $507,500 |
| 6 | Farmers Bank & Trust | 15 | 4.94% | $278,247 |
| 7 | Kendall Bank | 14 | 5.07% | $1,338,150 |
| 8 | The Kearny County Bank | 13 | 5.13% | $445,492 |
| 9 | Country Club Bank | 11 | 4.89% | $380,254 |
| 10 | CrossFirst Bank | 10 | 4.67% | $1,250,320 |
The Bank of Hays was started in Hays, Kansas, and has since grown to have 4 locations throughout the state to help meet the needs of its customers. The Bank of Hays offers a number of products to meet its customers’ needs, including small business loans, mortgages, and personal banking.
We reached out to Bank of Hays to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
First National Bank of Syracuse is a branch of First National Bank based out of Pittsburg, Pennsylvania. As part of a group of banks operating in seven states and Washington DC. First National Bank of Syracuse has a large network to provide for its customers’ banking needs.
We reached out to First National Bank of Syracuse to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
First coming into existence in 1863 as the First National Bank of Cincinnati, U.S. Bank now operates in 26 states across the country. U.S. Bank offers a number of products and services to meet customers’ needs, including small business loans and personal banking solutions, including checking and savings.
We reached out to U.S. Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Based in Wichita, Kansas, Emprise Bank is able to meet its customers’ needs by offering a number of products and services to help them achieve their financial goals. Tools available from Emprise Bank include small business loans, personal banking products, and business banking products, among others.
We reached out to Emprise Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Serving Kansas, Oklahoma, Arkansas, and Missouri, Equity Bank offers a number of options for its customers from its 67 branches that are available. With options such as investments, personal banking, business banking, and mortgages all available at Equity Bank, customers can get all they need at this one bank.
We reached out to Equity Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Having resources to build a strong financial foundation for businesses takes some education as well as experience. That can be hard to obtain for some small business owners in Kansas. The good news is there’s help.
The Small Business Administration in Kansas is a good starting point. This organization offers a range of resources to support not just obtaining loans but also helping businesses build a strong credit history. The organization also offers free resources to support companies with marketing, business formation, taxation support, and more. These tools are invaluable to companies that are just starting out. Check out their website to get started with their free programs.
Another option is SCORE, an organization that was founded by successful business owners and experts to help support the needs of small business owners in Kansas. The local office in Topeka is an excellent place to get local, hands-on help, but their website is also packed with information and tools. There are seminars, webinars, tutorials, and lots of informative articles. You can even take an educational program to help you develop the skills necessary to build a strong, healthy business. Best of all, there is no cost for using any of these services from SCORE.
If you want to find the best small business loans in other states, click on your state below.
Joshua Holt is a lawyer and founder of Biglaw Investor. He spent 10 years practicing private equity mergers & acquisition law for one of the largest law firms in the country. As part of his practice, he advised small and medium sized businesses on matters ranging from business loans to the acquisitions and divestitures of stocks and assets.
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