Photo by Richard Hurd
Lake Ridge Bank: Ted Gunderson Recognized as Elite Lender for Small Businesses
October 10, MADISON, Wisconsin— Ted Gunderson, Senior Vice President-Business Relationship Manager at Lake Ridge Bank, was recently named to WBD’s group of Elite Lenders. Formerly known as Wisconsin Business Development, WBD recognizes lenders from across the state for their commitment to and success in helping small businesses get the financing they need to grow, create jobs, and build communities.
To be named an Elite Lender, Gunderson distinguished himself by helping 10 businesses get the low, long-term, fixed-rate financing available through the SBA 504 program, which must be administered by a Certified Development Company, such as WBD.
Gunderson explains the SBA 504 program is an excellent option for small businesses who are in growth mode with good cash flow, but have little resources left over to finance expansion.
According to WBD, their organization has helped fund more than 3,500 businesses and created in excess of 76,000 jobs in Wisconsin and Minnesota since 1981.
For more information about how the Business Banking Division at Lake Ridge Bank can help your business find unique programs to finance growth and create job opportunities, visit lakeridge.bank/business or contact our Lake Ridge Bank location in your community.
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Lake Ridge Bank’s mission is to “build prosperous communities, one relationship at a time.” For more than 100 years, this has meant getting to know each of our clients to offer personalized services to meet their specific financial goals. Lake Ridge Bank offers a full line of financial products and services. We focus on offering products and services to make your banking easy. Our business banking and mortgage lenders are trusted leaders in their field with the expertise to provide the right loan at the best rate possible for our clients. As a community bank, we are dedicated to reinvesting in, and making our communities great places to live, work and raise a family. Visit lakeridge.bank to learn more about how we can help you.
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For additional information, please contact Mark Schellpfeffer at mschellpfeffer@lakeridge.bank.