Lake City Bank

This is a financial institution offering SBA loan programs and small business financing solutions. You can find personalized support, expert guidance, and access to funding options tailored to your business needs.

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

Lake City Bank's Warsaw location is open Monday-Thursday 9:00 AM-5:00 PM and Saturday 9:00 AM-12:00 PM; Friday lobby and drive-thru services are closed. Please confirm current hours with Lake City Bank.

There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan application or other financial services.

This institution is open to small business owners and entrepreneurs nationwide, regardless of residency, provided they meet lending criteria.

A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances.

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

Lake City Bank's Warsaw location is open Saturday mornings from 9:00 AM to 12:00 PM and closed on Sundays. Please confirm with Lake City Bank.

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

The core details for Lake City 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 City Bank before applying. If you represent Lake City Bank, claim this listing to keep its information up to date.

You can reach Lake City Bank by phone at (574) 267-6144 or online at locations.lakecitybank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Lake City Bank before relying on them.

Based on its approved SBA loans, Lake City Bank most often finances businesses in manufacturing, construction & contractors, restaurants & food service, general retail, medical practices & clinics, and real estate & property management. This reflects Lake City 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 City 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 City Bank participates in SBA Express depends on its specific SBA lending authority. Contact Lake City 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 City 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 City Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Lake City 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 City 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 City 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 City 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 City Bank weighs this case by case under its own policy, so be upfront about your history and ask Lake City Bank how it evaluates prior bankruptcies.