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Lake Shore Bank

Offering comprehensive banking solutions tailored for small businesses and entrepreneurs, this lender specializes in SBA loan programs to support business growth and development. With a focus on serving the local community, it provides flexible financing options for various industries, including healthcare, retail, and manufacturing. The bank’s experienced team guides clients through the application process, ensuring they understand the requirements and benefits of SBA loans. Whether you’re seeking funding for expansion, equipment purchase, or working capital, this lender offers personalized service to meet your needs. The bank also provides advice on creditworthiness and helps streamline the approval process, making it easier for small business owners to access the capital they need to succeed. Their commitment to supporting local businesses is evident in their dedicated SBA lending team and community involvement.

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Lender Type

Commercial Bank

Google Rating

3.5

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

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.

Question 2

Do I need an appointment or can I walk in?

Answer 2

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

Question 3

What are the hours of operation?

Answer 3

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

Question 4

Is there a fee to use this?

Answer 4

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

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

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

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

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

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

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

Lake Shore Bank

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