Go Back
Report Abuse

Lincoln Savings Bank

photo-230.jpg
photo-230.jpg

Description

Offering comprehensive SBA lending solutions, this financial institution specializes in supporting small businesses with various funding options. Whether you’re seeking a loan for expansion, equipment purchase, or working capital, they provide tailored financial products to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on small business growth, they leverage SBA programs to offer competitive rates and flexible terms. Located in Reinbeck, IA, they serve local entrepreneurs and regional clients, fostering economic development in the community. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, including real estate, inventory, and operational costs. They also support SBA 504 loans, suitable for real estate and equipment financing, and offer SBA Express programs for quicker access to capital. Microloans are available for smaller funding needs, and they are friendly to startups seeking initial capital. This bank prides itself on personalized service, understanding the unique challenges faced by small businesses, and providing solutions that help clients succeed.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
8
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to help small businesses access capital for growth, real estate, equipment, and operational needs. You can find personalized guidance and a variety of financing options tailored to your business goals.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to contact them in advance to confirm availability or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to inquire about or apply for SBA loans; however, certain application and closing costs may apply depending on the loan program and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but they may consider applications from qualified businesses outside their immediate area.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 620 is generally preferred, though higher scores can 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 60 days, depending on the complexity of the application and completeness of documentation.
Scroll to Top