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LaGrange Banking Company

SBA 7(a) Loans

If you are planning to establish a new business or need assistance in acquisition, operation or expansion of an existing business. Loans must be over $200,000.

SBA CDC/504 Loans

If you are in need of long term, fixed rate financing to acquire major fixed assets for expansion or modernization of your business

WHAT SHOULD I BRING TO THE BANK?

  • 3 years of tax returns on borrowers, guarantors and other interests.
  • If you are a start-up company, bring your business plan.
  • Personal and business identification numbers
  • Corporate documents including corporate by-laws

WHO WILL I MEET WITH ABOUT MY LOAN?

FILL OUT APPLICATION AND PERSONAL FINANCIAL STATEMENT

APPLICATIONS AND DOCUMENTS ARE THEN SENT TO SBA

  • 2-3 week loan approval
  • 2-3 week loan approval
SBA 7(a) Loan APPROVED

LBC orders appraisals and other documents needed for closing and schedules closing date

SBA CDC/504 Loan APPROVED

LBC orders appraisals and other documents needed for closing and schedules closing date

LaGrange Banking Company