Lake Ridge Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lake Ridge Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 48 | $3.4M | $71K | 5.5% |
| 812112 | Beauty Salons | 48 | $15.1M | $314K | 5.5% |
| 713990 | All Other Amusement and Recreation Industries | 40 | $7.3M | $182K | 4.6% |
| 238310 | Drywall and Insulation Contractors | 40 | $12.8M | $320K | 4.6% |
| 236118 | Residential Remodelers | 40 | $10.5M | $264K | 4.6% |
| 238330 | Flooring Contractors | 40 | $9.1M | $227K | 4.6% |
| 561730 | Landscaping Services | 32 | $10.6M | $331K | 3.7% |
| 722511 | Full-Service Restaurants | 32 | $11.5M | $360K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $20.5M | $640K | 3.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 32 | $12.8M | $400K | 3.7% |
Geographic Distribution
SBA lending activity for Lake Ridge Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 872 | $267.9M | 100.0% |
Why Choose Lake Ridge Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 872 SBA loans approved, totaling $267.9M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Beauty Salons, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 6.27% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $10K to $3.1M, with an average of $307K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Lake Ridge Bank SBA lending
What types of businesses does Lake Ridge Bank typically finance?
Lake Ridge Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, local, beauty salons, all other amusement and recreation industries, drywall and insulation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lake Ridge Bank's typical SBA loan terms?
Lake Ridge Bank's SBA 7(a) loans typically feature an average interest rate of 6.27% and average term length of 114 months (approximately 10 years). Loan sizes range from $10K to $3.1M, with an average loan size of $307K.
Do I need a business valuation for a Lake Ridge Bank SBA loan?
Yes, Lake Ridge Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Lake Ridge Bank compare to other SBA lenders?
Lake Ridge Bank has originated 872 SBA loans totaling $267.9M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Lake Ridge Bank lend in?
Lake Ridge Bank provides SBA 7(a) financing with particularly strong presence in WI. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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