Ladysmith Federal Savings & Loan Association

This is a community-focused bank that offers SBA loans and banking services tailored for small businesses, helping entrepreneurs secure funding for growth and development.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also accommodated during business hours.

The bank operates Monday through Friday from 9:00 AM to 4:00 PM, with additional hours by appointment.

Fees vary depending on the service or loan product; detailed fee information is provided during the application process.

This bank primarily serves residents and small business owners within the Ladysmith community and surrounding areas.

A minimum personal credit score of 640 or higher is generally preferred for loan eligibility.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.

Most banks keep weekday business hours and are closed on weekends, and Ladysmith Federal Savings & Loan Association 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 Ladysmith Federal Savings & Loan Association to confirm current weekend availability before you go.

Ladysmith Federal Savings & Loan Association is located at the address listed on this page — 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 Ladysmith Federal Savings & Loan Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Ladysmith Federal Savings & Loan Association itself, which runs its own lending under its own ownership. If you work at Ladysmith Federal Savings & Loan Association, you can claim this listing from this page to manage it.

The core details for Ladysmith Federal Savings & Loan Association — 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 Ladysmith Federal Savings & Loan Association before applying. If you represent Ladysmith Federal Savings & Loan Association, claim this listing to keep its information up to date.

You can reach Ladysmith Federal Savings & Loan Association by phone at (715) 532-3389, via email at katd@ladysmithfederal.com, or through their contact form at ladysmithfederal.com/contact.html — confirm SBA offerings with the bank.

Like most SBA lenders, Ladysmith Federal Savings & Loan Association can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Ladysmith Federal Savings & Loan Association directly which industries 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 Ladysmith Federal Savings & Loan Association participates in SBA Express depends on its specific SBA lending authority. Contact Ladysmith Federal Savings & Loan Association 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. Ladysmith Federal Savings & Loan Association 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. Ladysmith Federal Savings & Loan Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Ladysmith Federal Savings & Loan Association 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 Ladysmith Federal Savings & Loan Association 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 Ladysmith Federal Savings & Loan Association 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 Ladysmith Federal Savings & Loan Association 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. Ladysmith Federal Savings & Loan Association weighs this case by case under its own policy, so be upfront about your history and ask Ladysmith Federal Savings & Loan Association how it evaluates prior bankruptcies.