posted on 9/9/2021
Communities throughout the state of Iowa are driven by small businesses. One way we support small businesses is by way of SBA lending which provides key benefits for small businesses.
posted on 8/13/2021
If you're a small business owner who has begun the process of researching SBA loans to fund your business, you may be wondering what the process is like and how long it takes. Read this blog to find out more.
To obtain an SBA loan, a personal guarantee is required from anyone who owns more than 20% of the business. This often generates questions from small business owners, so in this article, we'll look more closely at the personal guarantee requirement.
Lincoln Savings Bank's roots are small communities in Iowa which is why small businesses across the state are choosing LSB for their Small Business Administration loans.
posted on 7/27/2021
SBA loans help ensure that small businesses have access to credit at favorable terms. The mission of the SBA is to help Americans start, build, and grow a business.
posted on 7/1/2021
The number of women starting and owning businesses is on the rise, with the U.S. Census Bureau reporting that women-owned businesses increased by 45% from 2007 to 2016, a rate five times faster than the national average.
posted by Jason Walters on 6/3/2021
Many businesses are wondering what SBA COVID-related resources are still available to help during the economic recovery. Here's a review of the status of SBA programs as of May 2021.
posted by Ryan Collins on 4/27/2021
With help from an SBA 7(a) loan and the small business lending team at LSB, Revival Concrete Coatings was born. Read more about how we helped bring this business to life.
posted by Randy Frescoln on 3/17/2021
When LSB invited me to join its lending team this winter as a USDA Commercial Lender, I had a bit of a quandary.
posted by Jason Walters on 1/1/2021
For businesses, one of the PPP loans most beneficial features is that the loan is forgivable when used for eligible purposes. Many are now turning their attention to how to obtain loan forgiveness, which we cover in this blog.
posted by Ryan Collins on 11/12/2020
Many of the changes brought on by the pandemic have sparked a host of new business opportunities. If your business idea meets a current need, it might even be a great time to step into entrepreneurship.
posted by Ryan Collins on 10/13/2020
Many contractors use lines of credit (LOC) to finance mobilization expenses such as raw materials, equipment costs, and workforce labor. Discover how utilizing an SBA 7(a) loan could be an advantageous alternative.
posted by Jason Walters on 8/27/2020
When it comes to qualifying for an SBA loan, a borrower's credit score is an important consideration when making approval decisions. Learn more about how your personal credit score affects you as a business owner.
posted on 6/23/2020
Restructuring debt with a 7(a) loan from the Small Business Administration (SBA) can be a strategic financial move that many businesses haven't considered.
posted by Ryan Collins on 6/17/2020
Now may the right time to give the 7(a) program a fresh look. Here's an overview of what it can offer.
posted by Jasmyne Green on 4/27/2020
We've compiled a list of resources to help you keep your business running during this difficult time. From Coronavirus scams to watch out for, to Treasury Management and Merchant Services solutions, we hope this article is helpful.
posted by Jasmyne Green on 4/6/2020
To help you through the Paycheck Protection Program application process, we've covered all of the important points you need to know about this program.
posted by Jasmyne Green on 3/27/2020
An overview of the resources available to small business owners in Iowa.
posted on 8/6/2019
With these steps in mind, along with the awareness of potential fraud, you'll discover how to protect your livelihood and those who rely on you.
posted by Jasmyne Green on 6/25/2019
Matt Jenkins, LSB Treasury Management Sales Manager, answers some of the most common questions around Treasury Management services at Lincoln Savings Bank.