Loans

SwiftLend

Financing solutions designed for your business.

  • SwiftLend Business Vehicle or Equipment Loan*
  • SwiftLend Business Line of Credit*

Before You Get Started (click to collapse)

To help you move through your application smoothly, make sure you have the following information ready:

 

Business Information

  • Legal business name and address
  • Type of business entity and the year it was established
  • Business Tax ID number
  • Number of employees

 

Most recent fiscal year financial statement, including balance sheet and income statement with the following information:

  • Gross Revenues, Net Income, Depreciation and Interest Expense
  • Current and Total Assets
  • Current and Total Liabilities

 

Most of the information listed above would be contained in your most recent business tax return or financial statements. 

 

Business Owner Information

  • Name and home address
  • Social Security Number
  • Title and ownership percentage 

 

A government-issued photo ID (such as a driver’s license, U.S. passport, or state ID)

SwiftLend Business Vehicle or Equipment Loan*
  • Term up to 60 months
  • Loan amount up to $100,000
  • Over two years in business
  • Guarantor1 credit score above 720
  • SurePay2 required
  • Proof of insurance3 required
New Customers Existing Customers
SwiftLend Business Line of Credit*
  • Term up to 24 months
  • Line of credit up to $50,000
  • Over two years in business
  • Guarantor1 credit score above 720
  • SurePay2 required
New Customers Existing Customers

1Any owners with 20% or more ownership must guarantee this loan. 

2SurePay is Lake City Bank’s automatic payment service that withdraws your loan payment from your Lake City Bank deposit account on a scheduled basis.

3Proof of insurance on the collateral to be pledged with Lake City Bank listed as loss payee is required.

Lake City Bank opens accounts in our market area only, which primarily includes Northern and Central Indiana (or within a 120-mile radius from any Lake City Bank branch).  For additional information, please contact (844) 979-7164.

*All loans are subject to credit approval.

 

After You Apply, Here’s What to Expect

  • A clear explanation of our decision from one of our Business Bankers and any options we’ve identified to help support your current and future borrowing needs.
  • Dedicated support from our team. Everyone involved in reviewing your request is committed to providing straightforward guidance and excellent service throughout the process.

 

If you have any questions, please visit our Contact Us page to connect with us.

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