Lake Shore Bank

This is a bank that offers SBA loan programs and small business financing solutions. You can find assistance with loan applications, guidance on eligibility, and support for business growth initiatives.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

The bank operates from 9 am to 5 pm, Monday through Friday, with appointments available outside regular hours upon request.

There are no fees to visit the bank; however, loan application and processing fees may apply depending on the services used.

This bank primarily serves local residents and small business owners within the community, but eligibility for specific programs may vary.

The minimum credit score generally required is 620, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Lake Shore Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Lake Shore Bank to confirm current weekend availability before you go.

Lake Shore Bank is located in New York — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Lake Shore Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Lake Shore Bank itself, which runs its own lending under its own ownership. If you work at Lake Shore Bank, you can claim this listing from this page to manage it.

The core details for Lake Shore Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Lake Shore Bank before applying. If you represent Lake Shore Bank, claim this listing to keep its information up to date.

You can reach Lake Shore Bank at (716) 366-4070 or by email at support@mylsbank.com for inquiries. Please confirm current contact details with the bank directly.

Based on its approved SBA loans, Lake Shore Bank most often finances businesses in manufacturing and construction & contractors. This reflects Lake Shore Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Lake Shore Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Lake Shore Bank participates in SBA Express depends on its specific SBA lending authority. Contact Lake Shore Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Lake Shore Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Lake Shore Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Lake Shore Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Lake Shore Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Lake Shore Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Lake Shore Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Lake Shore Bank weighs this case by case under its own policy, so be upfront about your history and ask Lake Shore Bank how it evaluates prior bankruptcies.