Lake Ridge Bank: Ted Gunderson Recognized as Elite Lender for Small Businesses
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.