Lincoln Savings Bank
Lincoln Savings Bank is an active SBA lender in Iowa, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 8 Google reviews.
About Lincoln Savings Bank
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.
Serves SBA borrowers in 6 states
Lincoln Savings Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Lincoln Savings Bank finances
Business types Lincoln Savings Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Lincoln Savings Bank
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
Lincoln Savings Bank's Reinbeck branch lobby operates Monday through Thursday 8:30 AM to 4:00 PM and Friday 8:30 AM to 5:00 PM; drive-thru is open 8:30 AM to 5:00 PM Monday through Friday. Confirm current hours with the bank.
Is there a fee to use this?
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.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the region, but they may consider applications from qualified businesses outside their immediate area.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 620 is generally preferred, though higher scores can improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Lincoln Savings Bank's Reinbeck branch is open on Saturday from 8:00 AM to 10:00 AM for both lobby and drive-thru, and closed Sundays.
How do I get there and where do I park?
Parking is available between the south and west sides of the building at this Reinbeck location. Confirm wheelchair accessible parking with the bank.
Who owns or operates this listing?
This page is an independent directory listing for Lincoln Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Lincoln Savings Bank itself, which runs its own lending under its own ownership. If you work at Lincoln Savings Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Lincoln Savings 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 Lincoln Savings Bank before applying. If you represent Lincoln Savings Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Lincoln Savings Bank's Reinbeck branch at (319) 788-6441, by fax at (319) 788-6460, or via their online contact form at mylsb.com/support/resources/contact-us.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Lincoln Savings Bank most often finances businesses in restaurants & food service, construction & contractors, manufacturing, fitness & recreation, general retail, and medical practices & clinics. This reflects Lincoln Savings 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 Lincoln Savings Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Lincoln Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Lincoln Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Lincoln Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Lincoln Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Lincoln Savings Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Lincoln Savings Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Lincoln Savings Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Lincoln Savings Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Lincoln Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Lincoln Savings Bank how it evaluates prior bankruptcies.
