BROOKFIELD, Wis. (January 6, 2014) – Bruce Lammers, president and CEO of Ridgestone Bank, was recently elected to the Board of Directors of NAGGL – the National Association of Government Guaranteed Lenders. He is one of 25 members of NAGGL’s board, and one of nine individuals representing small lenders.
Ridgestone Bank is the 7th largest SBA lender in the country and has been the number one SBA lender in Illinois for five consecutive years. The bank is also the second largest SBA lender in Wisconsin and Indiana.
Lammers will work with NAGGL to support the SBA 7(a) program, which helps small businesses gain access to capital through government guaranteed financing. “NAGGL is a crucial organization for the SBA,” stated Lammers. “I hope to work with NAGGL to assure the continued brand promise of the SBA, and ultimately help more small businesses succeed.”
For 30 years, NAGGL has grown the SBA lending industry by employing forward-thinking leadership on key issues. NAGGL works to streamline the SBA process to make it easier for lenders to deliver financing to job-creating small businesses. “The association is excited to welcome someone of Bruce’s caliber and wide-ranging experience to the board of directors,” said NAGGL president & CEO Anthony R. Wilkinson.
The National Association of Government Guaranteed Lenders (NAGGL) serves the needs and represents the interests of the small business lending community that participates in SBA 7(a) government guaranteed lending. NAGGL has grown the SBA lending industry and America’s small business sector, helping 7(a) lending not only to survive, but to flourish: burgeoning from $1 billion in 1984 to $18 billion in loan approvals in FY 2013.
Ridgestone Bank is a privately-held bank with locations in Brookfield, Wis. and Schaumburg, Ill. Founded in 1995, the bank is a leader in small business and government guaranteed lending nationwide and also provides retail banking services, including checking, money markets, CD’s, and other convenience services at its branch locations.
Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is the 7th most prolific SBA lender in the nation, is the number one SBA lender in Illinois and the second largest SBA lender in Wisconsin and Indiana. Ridgestone Bank is also a leader in USDA lending in the United States and has been recognized as a valued partner by the USDA for its commitment to small businesses. For more information, call 262-789-1011 or visit www.ridgestone.com.
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