Online Loan Application

Lake Ridge Bank (LRB) accepts online applications, for all business and agricultural loans.  Please speak with a banker to get the application process started.  

To ensure that we can provide the best service possible, we request that applicants who do not already have a lender with Lake Ridge Bank, speak with a banker prior to starting an online application.  You can find business and ag lender contact information here.

No, you should not share an account with another person.  The only time this is appropriate, is if the application is being completed by married persons as borrower and co-borrower.

We have options available to help anyone who requests assistance with completing an online application.

Contact your lender to discuss and find the best option for you.  Options include the lender visiting you at your home or business, or you coming to one of our office locations.

If you have forgotten the password to your account, click on Forgot Password located on the login screen to reset your password.  Lake Ridge Bank cannot reset your password for you directly.

Generally, one primary contact person of a business entity will complete the bulk of an online application. A business may also authorize a non-owner to complete an online application on behalf of the business.

If you have previously applied via your online portal, some of your information will be retained for use in future applications.  You can use this saved information or delete and add new information.  Please review and update as needed for any new requests.

OR

Your lender may start your application internally and push out to you to complete and upload documents. Some of the fields in your application will be pre-filled.  It is still important for you to review all of the information that pre-fills to ensure it is accurate and complete all remaining required fields.

Most fields in the application can be edited prior to submitting the application. If you chose the incorrect type of loan on the first screen of the application, this screen is unable to be changed. If this occurs, please contact your lender. You may need to start a new application.

If you want an unsecured loan, you must choose UNSECURED on the first page of the application.  This page cannot be accessed again once you’ve begun the application process.  Choosing Unsecured on first page will eliminate the Collateral page in the application.  If you did not select Unsecured when starting the application, please notify your lender as you will need to start a new application and the first one will be removed.

If your loan request is for a Non-Profit, Municipality or other type of organization without owners, you must choose NON-PROPFIT/MUNICIPAL on the first page of the application.  This page cannot be accessed again once you’ve begun the application process. Choosing Non-Profit/Municipal will eliminate the Beneficial Owners section and the Guarantor page in the application.  If you did not select Non-Profit / Municipal when starting the application, please notify your lender as you will need to start a new application and the first one will be removed.

If the primary contact person does not have available or does not wish to complete the personal information sections for other guarantor(s) or co-borrower(s), they can invite those individuals to access the applications.

They will select within the application whether they can complete the information on the other person’s behalf, or if each individual will complete their own information.

If each individual needs to complete their own section, the primary contact will:

• Click to add a guarantor (or co-borrower) (as many times as needed).
• Enter each person’s name and email address when prompted.
• Click Save and Continue.

This additional person (or people) will receive an email from loans@lakeridge.bank instructing them to click a link to set up their own account and join an in-progress application to complete their personal information.  (The primary contact person should notify any additional people separately, so they are aware that this email will be coming to them).

Anyone invited to an application this way will see the open application in their online application portal once their own account is created.

The required list of documentation will be shown in the online application.  It will include basic documents used to assist in making a credit decision. In some instances, it may include supplementary documents as well. 

These documents may pertain to the borrower, the guarantor(s) and co-borrower(s).

If you do not have the required document(s) listed available to upload or you believe they have previously been provided to the bank, please indicate this in the Documents page (see instructions on that page of the application). 

If the primary contact completing the application does not have access to upload all required documents from other people listed in application (guarantors or co-borrower’s), he/she should contact their lender to invite those individuals to the open application so they can upload their own documents.

If you would like your accountant or other third party person to upload documents to your application, contact your lender. The lender can invite them to have access to your application.

You may receive a warning message when you click to submit your application.

This message will appear when you have not entered all required fields, have not uploaded all required documents, have not authorized bank to pull credit report, or have not accepted the Terms and Conditions.

Review and complete your application based on the error message received and resubmit until successful.

Your lender will review your application and documentation within 24-48 business hours of submission and will then contact you to discuss your application and next steps.