to Reach us, call: (231) 745-4601
Lake-Osceola State Bank Online Banking Login Lake-Osceola State Bank Rewards Login Lake-Osceola State Bank Home Page Contact Lake-Osceola State Bank Lake-Osceola State Bank Office Locations
Lake-Osceola State Bank: Customer Care- Community Support

At Lake-Osceola State Bank, LOSB,  we are committed to our customers and our communities.  Our commitment extends over 100 yrs and it can be seen in our actions, our employees and our products.

» Learn About Our History

New Big Rapids Branch Ribbon Cutting
Business Checking
With Rewards!

Connect your business checking to a LOSB debit card and start earning Rewards points for  your purchases.

Learn More »

You Are Here: Home Page : Business Banking : Business Loans : Business SBA Loans

Business SBA Loans

LOSB actively pursues and uses the Small Business Administration (SBA) loans that are available.  Our experience with SBA loans allows you to get quality financing to fit your business needs.  Our ability to do SBA loans gives us the opportunity to provide you with additional financing options for your business.  

The perception that the SBA is hard to deal with and turnaround times are difficult is unwarranted.  Over the last few years the SBA has restructured their delivery methods and have become much more user friendly and flexible.  Your lender can contact SBA with ease to answer any questions on your loan or request changes.

SBA Loans Programs

SBA 7a

  • Federal Loan Program in which at least a 75% guaranty is given to the bank
  • No Balloon Payments
  • Must be approved through LOSB as well as the SBA
  • Information collected for LOSB is the information needed for SBA
  • Flexible loan structures
  • Amortization depends on loan type
  • Variety of uses qualify (can be used for short term or long term money)
  • Currently SBA has incentives for using their programs based on the American Reinvestment and Recovery Act
           -Waiving fees
           -Increased Guaranties

SBA 504

  • Federal program run in conjunction with the Bank and a Certified Development Corporation (CDC)
           -CDC’s are private, nonprofit corporation set up to contribute to the economic development of its community.
  • LOSB lends 50%, CDC lends 40%, and an equity injection from the Borrower of at least 10%
  • CDC Lien is guaranteed 100% by the SBA
  • Loan is actually coordinated through two lending entities
  • Used for fixed asset projects
Contact Your Local LOSB Commercial Lender Today  or visit the Official Website of the SBA at www.sba.gov for More Information!