BROOKFIELD, Wis. (Oct. 29, 2015) – Ridgestone Bank’s Indiana office achieved a record year for SBA loan volume in 2015, with loans to businesses in Indiana totaling $48 million for fiscal year 2015, according to the Indiana District Office of the SBA. Ridgestone’s SBA loan volume in Indiana increased 33 percent from last year. A top SBA lender in the Midwest, Ridgestone Bank also ranked seventh nationally, having approved $474.3 million in SBA loans during the 2015 fiscal year.
“I am continually impressed with the dedication demonstrated by our team members here at Ridgestone Bank,” said Bruce Lammers, president and CEO of Ridgestone Bank. “Our goal is to provide small and mid-sized businesses with unique lending options available through SBA loan programs. It is gratifying to see how many businesses and communities in Indiana have benefitted from the financing they have received this year.”
“The fact that SBA lending is our niche and focus contributes to the success we´ve had closing loans for businesses throughout Indiana,” continued Lammers. “Everyone on our team has expertise in SBA lending - not just our lenders, but the entire loan production staff. That is what I think sets us apart and contributed to the loan volume we were able to achieve this year.”
Ridgestone Bank’s SBA loan sizes typically range from $500,000 to $5 million and finance a number of different scenarios such as change of ownership, business acquisitions, balance sheet restructure and turnaround opportunities. Utilizing an SBA loan has many unique benefits such as lower payments, longer amortizations, lower equity contributions and flexible terms.
Ridgestone Bank is a privately-held bank with full-service branch locations in Brookfield, Wis. and Schaumburg, Ill., as well as lenders in Indianapolis, Northeast Wisconsin, Northcentral Wisconsin, Tennessee, Southern California, Ohio and Madison, Wis. Founded in 1995, the bank is a leader in small business and government guaranteed lending nationwide. Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is a top 10 SBA lender in the nation is the number one SBA lender in Wisconsin and Illinois. Ridgestone Bank is 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. Ridgestone Financial Services trades its common stock on the OTC Market exchange under the ticker symbol “RGST.” Ridgestone Bank is an Equal Housing Lender and Member FDIC. For more information on Ridgestone Bank, visit www.ridgestone.com.
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