Blog Post
Entrepreneur Essentials with Jeff Kikel features Kevin Lancaster
Jeff Kikel
Kevin Lancaster has been in the banking industry for the past 27 years, doing both commercial residential lending. He first started in collections and eventually ventured into branch management. Lancaster now helps clients starting their new businesses to meet all of their desires and goals. When working with banks, Kevin has two key pieces of advice for those hoping to get a loan: Have ready a business plan and two prior years of tax returns. Having this information available will answer [...]
Kevin Lancaster has been in the banking industry for the past 27 years, doing both commercial residential lending. He first started in collections and eventually ventured into branch management. Lancaster now helps clients starting their new businesses to meet all of their desires and goals.
When working with banks, Kevin has two key pieces of advice for those hoping to get a loan: Have ready a business plan and two prior years of tax returns. Having this information available will answer banks’ questions regarding where your income is coming from, how they will be repaid, and what the “the numbers” are.
Currently, Kevin is doing a lot of interim construction deals. This gives him the opportunity to see what clients what, interact with various engineers and architects, and introduce people from every industry to each other through his vast network of connections. These experiences are a perk of doing business with a community bank because situations don’t have to fit into a small, specific box and relationship bonds can be easily made.
Fast Five
1. If Kevin woke up one morning without his business or job, he would
Fast Five
1. If Kevin woke up one morning without his business or job, he would
get right back into brokering of commercial loan deals and would quickly take advantage of his contacts again. He reminds us that “It’s not what you know it's who you know.”
2. He recalls his biggest entrepreneurial mistake as the time he d
2. He recalls his biggest entrepreneurial mistake as the time he d
id a interim construction loan for a builder who looked great on paper, but failed to disclose that he was being sued. Luckily the collateral that Kevin took was the saving grace to ensure that he got paid out.
3. Lancaster recommends the books: "
3. Lancaster recommends the books: "
Purpose Driven Life" by Rick Warren and t
he "Harry Potter" series by J.K. Rowling. Follow the links below to purchase these books.
4. He also r
ecommends his trick of texting and emailing himself so that he's able to put details and information into his calendar and do follow ups later on on his own time.
5. Kevin Lancaster is located in Cedar Park on the corner of
Baghdad and New Hope. Reach him on his direct line at:
512.259.2443 or by cell:
512.585.1300
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