Topic: Business Insights

Clearing Up Confusion: Do SBA Loans Need to be Paid Back?

Small Business Administration (SBA) loans have been historically subject to misunderstandings. Recently, as the agency introduced new programs to provide emergency pandemic funding assistance to the country’s hard-hit small businesses, there has been added confusion.

How Long Does It Take to Get an SBA Loan?

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.

Why SBA Loans are Important for our Communities

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.

Understanding the Personal Guarantee Required for SBA Loans

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.

SBA Loans for Women Entrepreneurs

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.

3 Things About Your Farm's Finances You Can't Afford To Overlook

Like any other entrepreneur, you chose to farm because it combines your skill and your passion. And, like most, doing the work is more pleasurable than managing the enterprise, but being unaware of key financial metrics in real-time carries a risk.

New & Future Farmers – What you Need to Know

Farming has become much more competitive than it was 10 years ago. If you are a new or future farmer - we encourage you to check out this advice from our experienced ag lender.

5 Ways Farming Operations Can Stretch Cash Flow

In this blog, discover the actions you need to take to improve an operation’s liquidity when projected cash inflows fall short of projected cash outflows.

As Baby Boomers Exit, SBA Loans Can Help with Business Succession

At the end of 2019, Baby Boomer business owners were already beginning to retire in record numbers. As with most trends, the COVID-19 pandemic accelerated the number of Baby Boomers exiting the workforce, opening the door for many small businesses to change hands.

Why are Iowa Small Businesses Choosing Lincoln Savings Bank for SBA Loans?

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.

Lincoln Savings Bank Announces PPP Loan Totals for 2020 and 2021

As the economy weakened under the COVID-19 pandemic, Lincoln Savings Bank facilitated 2,047 loans to Iowa small businesses under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).

Tips for Evaluating an Ag Equipment Leasing Program

Forecasts for 2019 show that the ag equipment leasing trend from the past few years will not only continue, but more producers are expected to lease new equipment this year than in 2018. But who provides the better lease option - a dealer or bank?