Your success is our business!
Finance your next venture with KS StateBank and know that our lenders and in-house processors make decisions locally and with consideration of your schedule.
Important Information About Opening a Legal Entity Account
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We proudly support all efforts to protect and maintain the security of our clients and our country.
New Beneficial Ownership Requirements Effective January 1, 2024
Beginning on January 1, 2024, many companies will have to begin reporting information about their beneficial owners, or those who ultimately own or control the company, and their applicants to the U.S. government under new requirements from the Financial Crime Enforcement Network (FinCEN).
Existing reporting companies that were created or registered to do business in the United States before January 1, 2024 will be given until January 1, 2025 to report beneficial ownership information (BOI). New reporting companies created or registered to do business in the United States on or after January 1, 2024, and before January 1, 2025, must report BOI within 90 calendar days of receiving actual or public notice that the creation or registration of the reporting company is effective, whichever is earlier. Companies that are created or registered on or after January 1, 2025 must file BOI within 30 calendar days receiving actual or public notice that its creation or registration is effective.
Companies that are required to file a beneficial ownership information report must do so electronically through FinCEN’s filling system that will be available beginning on January 1, 2024.
More detailed information on the Beneficial Ownership requirement changes can be found at fincen.gov/boi.
Commercial Loans
Funding is available for a variety of uses including purchasing inventory and materials or refinancing debt.
- Commercial Equipment
- Ag Business
- Working Capital
- Nonprofit Organizations
Commercial Real estate loans
Build, buy or refinance. Benefit from flexible terms and competitive rates.
- Construction
- Land acquisition and development
- Refinancing commercial property
- Permanent financing
- Rental properties
SBA Loans
Start a new company or expand and develop your existing business.
- Competitive rates
- Flexible terms
- Experienced SBA Lenders
Business Lines of Credit
Manage your cash flow with a Line of Credit individually tailored to your business.
- Flexible revolving credit lines available
- Competitive rates
- Easily draw on your line of credit by making transfers through Online Banking or visiting with your lender for an advance into your checking account
