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Ridgestone Bank Achieves Record Year in SBA Lending

BROOKFIELD, Wis. (Nov. 5, 2015) – Ridgestone Bank celebrates a record year, moving up in ranks in several of its lender states. Ridgestone Bank reached the number one SBA lender spot in the states of Wisconsin and Illinois for loan volume in 2015 followed by a number two spot in Indiana. Ridgestone Bank approved a total of $474.3 million in loans for fiscal year 2015, nearly 70 percent of which was from the states of Wisconsin, Illinois and Indiana.

According to the SBA District Office’s in each state, Ridgestone Bank’s SBA loan approvals included $181.3 million in Illinois, $95.9 million in Wisconsin and $48 million in Indiana.

“Ridgestone Bank takes great pride in helping business owners throughout the Midwest obtain access to the capital needed to open, grow or expand their businesses,” said Bruce Lammers, president and CEO of Ridgestone Bank. “I believe the fact that SBA lending is our niche and focus contributes to our success. 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 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 exchangeunder 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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