Business Loan Services

Business LoansAs a locally-owned Lawrence, KS bank, we are eager to serve other local businesses. Local decisions mean prompt action and friendly service. Competitive rates and flexible terms mean you can find the loan that's best for you.

At Lawrence Bank, every customer is unique, and we believe in tailoring financial products to meet the needs of our customers. Lawrence Bank concentrates on service. We will promptly review your loan application and reply to you in a timely manner. Contact one of our loan officers today.

Here is what we need to start the process:

  • Personal Financial Statement
  • 3 years Tax Returns (for an existing business) or 3 years Pro Forma (for a new business)
  • Profit & Loss Statement and Balance Sheet for year-end and year-to-date (if available)
  • Business plan and proposed usage of the loan proceeds

In addition to the above information, we will need:

  • For a Partnership application - the Partnership Agreement
  • For a Limited Liability Company application - Articles of Organization and the Operating Agreement
  • For a Corporate application - Articles of Incorporation and By-Laws

We appreciate the opportunity to help you with your credit needs. If you have any questions, don't hesitate to give us a call.

Acquisition / Expansion Loans

Whether your company is acquiring new or existing businesses or expanding your own operations, Lawrence Bank can assist you. We believe in companies that are forward thinking and look for opportunities to grow and increase profitability. Through various loan products and services, help is available for growth-oriented businesses. Contact a Lawrence Bank loan representative for personal and timely attention.

Real Estate / Construction Loans

Cost-efficient financing for your real estate project is vital in today's tough business climate. All underwriting and processing are done locally and turnaround time is fast and convenient. When you start doing business with Lawrence Bank, you will continue that relationship until the loan is paid in full. There is no mortgage hopping, just continued, efficient service from Lawrence Bank.

Revolving Lines of Credit

Managing cash flow is critical for any successful business. With a Lawrence Bank Revolving Line of Credit, the seasonal ebb and flow of cash becomes easier. With aggressive advance rates against accounts receivable, inventory and equipment, money can be available when the need arises. Fast and convenient credit is available on a daily basis, and you pay interest on only that portion of the Line of Credit that you need.

Working Capital Loans

Without adequate working capital, your business could grind to a halt. Lawrence Bank can provide solutions to assist you for short-term or ongoing working capital needs. The cash flow of a new business may be uncertain; Lawrence Bank can provide assurance with the working capital loan that is structured to fit the need.

Equipment / Machinery Loans

New business or expansion may require equipment or machinery to get the job done effectively. Remember to consider the entire cost of the project. There may be hidden costs associated with the purchase, such as dismantling, transportation, or installation. Be sure to consider the specific use and need of the asset. Lawrence Bank loan officers will work with you to structure a competitive-rate term loan to match the useful life of the asset.

Small Business Administration (SBA) Loans

The Small Business Administration provides Lawrence Bank the opportunity to assist owner-operated type business. There are a variety of other loan programs to utilize: low-doc, 7a guaranteed loan program, as well as the SBA 504 loan program. Lawrence Bank has the tools to assist you throughout the process from application to closing. The eligibility requirements and credit criteria are very broad to allow Lawrence Bank to accommodate a wide range of financing needs. For more information on the Small Business Administration visit their web site at www.sba.gov.

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