Business Banking – Loans

Generations Bank recognizes that the financing needs for your business are unique to your situation.   Our experienced, professional commercial loan officers take the time to understand your business operations, and will assist you in developing a financing strategy that will address your needs and concerns.

Small Business Operating Loans –
Generations Bank offers small business operating loans and lines of credit that can be secured by negotiable instruments, such as certificates of deposits and publicly traded securities, receivables, equipment, inventory, real estate, and other acceptable collateral.

Small Business Loans –
Along with small business operating loans, the Bank offers loans for the purchase or refinance of vehicles, trucks, pickups, and other business equipment used for the day-to-day operations of the business.

Commercial Real Estate Loans –
The Bank offers commercial real estate loans for the purchase, refinance, improvement, and construction of commercial real estate and residential buildings with five or more units.

Agricultural Real Estate Loans –
Generations Bank offers loans for the purchase, refinance, or improvement of crop, pasture, and other agricultural related property.

Residential Loans –
The Bank has lending programs for builders or developers for the construction of pre-sold one-to-four family residential dwellings.

Other lending programs are available for purchase, refinance, and improvement of non-owner occupied one-to-four and multi-family residential dwellings.   Typically these types of residential dwellings will include investment and rental properties.

Loan Inquiry Form –
To inquire about our available business loan products and services, please contact a Bank Agent at the nearest location to you or click this link to complete our Loan Inquiry Form.   At the end of the Loan Inquiry Form, you may choose to submit the Form online or print the information you have entered and mail or fax the Form to our Overland Park, Kansas Office.

The Bank’s primary lending areas are in and around the geographies served by our offices in Overland Park, Kansas and Phillipsburg, Kansas, and the geographies in and around our Agent Bank locations.  The Bank welcomes other lending opportunities outside the identified areas on a case-by-case basis.

Loan Underwriting Standards –
To inquire about our loan underwriting standards, you may view or print from your personal computer by clicking this link to our Loan Underwriting Standards.

Generations Bank
Loan Underwriting Standards

Fair Lending Statement

Credit is made available on a fair and consistent basis to all applicants who meet our lending standards without regard to race, color, religion, national origin, sex, marital status, familial status, handicap, age (providing the applicant has the capacity to enter into a binding contract), source of income, or the exercise of rights under the Consumer Protection Act.

Mortgage Loans

Generations Bank desires to provide a wide rage of mortgage-related services.  We choose to originate and hold many loans to maturity.  However, certain loan applications are approved and originated by or sold to other investors (lenders).  This allows Generations Bank the ability to provide you with the most attractive financing alternatives.  This process may require the use of a third-party mortgage loan originator and/or broker that may pay us a fee.

Generations Bank currently only originates and retains adjustable rate mortgage (ARM) loans, and the Bank requires a credit score of 680 or higher and a 42% or lower debt to income ratio.  The Bank may loan up to 90% of the value of a property in a first mortgage.  The Bank may also loan up to 100% of the equity in a residential property in the form of a home equity line of credit or a second mortgage.

Through other investors (lenders) and brokers, Generations Bank may be able to provide applicants with underwriting terms that are less restrictive, but generally require a credit score of 500 or higher.

Unsecured Consumer Loans

The general requirements for an unsecured consumer loan are a credit bureau score of 680 or more, a debt to income ratio of 42 % or lower, no current delinquencies and no bankruptcies within the prior two years.  Interest rates range from 11.25% to 14.25% and are primarily determined based upon credit bureau scores.

Secured Consumer Loans

Secured consumer loans, including auto loans, can be made up to 100% of the purchase price or retail value, whichever is less.  Retail values are determined by using Kelly’s Blue Book or other similar industry resources.  Rates are determined by the length of time and the age of the asset being financed.  The general requirements for a secured consumer loan are a credit bureau score of 680 or more, a debt to income ratio of 42% or lower, no current delinquencies, and no bankruptcies within the prior two years.

Commercial Loans

Commercial loans generally require collateral and the Bank may originate loans secured by this collateral in varying proportions (ratios), depending upon the type and quality of the asset.  In addition, commercial loans require financial statements and tax returns, along with ratios of capital to assets, and profitability and cash flows.

Unsecured commercial loans are generally underwritten in the same manner as unsecured consumer loans (see above) and require the personal guaranty of the principal(s) of the business.