Lola is the Spanish diminutive of Dolores — from María de los Dolores, "Mary of the Sorrows," referring to the seven sorrows of the Virgin Mary in Catholic tradition. The original meaning is dark; the contemporary use of the name has lightened it considerably.
Lola has been in continuous use in Spanish-speaking countries for centuries. Today it sits in the U.S.
Lola does not currently appear in the US Social Security Administration's top 1,000 girls' names, so we don't publish a US rank or birth count for it. That says nothing about the name's standing elsewhere in the world — only that it sits outside the ranked US data we rely on.
In Pythagorean numerology the letters of Lola reduce to 4, The Builder. This is a traditional interpretive system, not a factual claim about the name.