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Lake Ridge Bank

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Description

Lake Ridge Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various loan options, including SBA 7(a) loans, to help clients access capital efficiently. Located in Middleton, Wisconsin, this institution specializes in supporting local businesses with flexible lending solutions that cater to diverse industry needs. Their experienced team guides borrowers through the application process, ensuring clarity and support at every step. Whether you’re looking to finance real estate, equipment, or working capital, Lake Ridge Bank strives to meet your business goals with competitive terms and dedicated service. The bank’s commitment to small business success is reflected in its tailored approach and community-oriented philosophy, making it a trusted partner for entrepreneurs in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, including SBA 7(a) financing, to support business growth and expansion in the Middleton area. You can find personalized assistance and flexible loan options tailored to your needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; however, loan processing and application fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners in the Middleton region seeking SBA-backed loans, regardless of membership status.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the complexity of the loan and completeness of application materials.
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