Overcoming Small Businesses Supply Chain Issues with an SBA Loan
Ongoing supply chain issues and rising prices are causing difficulties for many businesses. SBA loans are one tool that can help small businesses address the current supply chain challenges.
Now Accepting Applications for new USDA Food Supply Chain Guaranteed Loan Program
Lincoln Savings Bank (LSB) wants to help eligible borrowers expand meat and poultry processing capacity and finance other food supply chain infrastructure through the USDA Rural Development’s new Food Supply Chain Guaranteed Loan Program.
Lincoln Savings Bank Adds Key Leader, William Peek, as New CRO
Lincoln Savings Bank continues its strategic initiative to bring in best-in-class talent by adding longtime banker and innovator William Peek to the team. Peek will serve as LSB’s Chief Risk Officer where he will focus on the continued safety and soundness of the bank’s lending, partnership and servicing practices.
Spread Kindness…It’s the Lincoln Love Way
Lincoln Love is about so much more than having employees log volunteer hours. It’s about helping others, giving back, and ultimately growing the communities where we work and live to ensure they thrive.
What You Need to Know About Buy Now, Pay Later
Buy Now Pay Later (BNPL) has become increasingly popular among online retailers and shoppers as an alternative to paying with a credit or debit card. Learn more about the ins and outs of Buy Now, Pay Later.
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 Much Money Do You Really Need to Buy a Home in Iowa?
Many people are asking themselves "Can I afford to buy a home?" Luckily for Iowans, homes in our state remain affordable. So, for those taking the homebuying plunge, we've outlined a few important things to keep in mind.
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.
School is in Session: 5 Money Lessons to Learn Before College
College is your first taste of independent living, which makes it the perfect time to establish good financial habits that will serve you throughout adulthood.
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.
How To Manage Your Money On The Move With LSB's Digital Toolkit
Whether you're camping in the woods, shopping for souvenirs, or grabbing a bite to eat, LSB is always a click away with our digital toolkit!
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.
