There are two artists who have used this name: a power pop band and a 60s/70s R&B band.
Alabama-based power pop and bubblegum pop influenced power trio The Lolas was formed in 1998 by Tim Boykin upon the demise of Shame Idols. Boykin did vocals and guitars along with drummer Mark Reynolds and bassist Walon Smith. They debuted with the LP 'Ballerina Breakout' in 1999.

The Lolas on Last.fm.