Ridgestone Bank earns top spot in SBA loan volume

Ridgestone Bank headquarters
The former Ridgestone Bank headquarters in Brookfield.

Brookfield-based Ridgestone Bank took the top spot in volume of SBA loans approved in 2015, the Wisconsin District Office of the SBA announced today.

Ridgestone Bank headquarters
The Ridgestone Bank headquarters in Brookfield.

Ridgestone, which is an SBA Preferred Lender, approved 103 SBA loans totaling $95.9 million in Wisconsin last year. In addition to its home office in Brookfield, Ridgestone also has loan production offices in Madison, Kaukauna and Wausau.

The bank, which has a second full-service branch in Schaumburg, Ill. and additional loan production offices throughout the Midwest and in California, made 475 SBA loans totaling $474.3 million nationally last year, which ranked it seventh in SBA lending volume nationwide.

“Ridgestone Bank takes great pride in helping business owners throughout Wisconsin obtain access to the capital needed to open, grow or expand their businesses,” said Bruce Lammers, president and chief executive officer of Ridgestone Bank. “We have been a top 10 SBA lender nationally for many years. We are proud to be number one in our home state of Wisconsin.”

In terms of the number of SBA loans approved in 2015, Oconomowoc-based First Bank Financial Centre took the cake, with 240 SBA loans totaling $87.9 million last year. Nationally, FBFC made 299 loans totaling $143 million, putting it at 29th place in terms of volume in the U.S.

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Molly Dill, former BizTimes Milwaukee managing editor.

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