Dream Big, Grow Bold: How Ridgewood Savings Bank Helps Small Businesses Like Yours

May 5, 2025

Small businesses are more than just places to shop or grab a coffee—they’re where dreams take shape, friendships are made, and communities grow stronger. Here at Ridgewood Savings Bank, we know what it takes to get a business off the ground (and keep it flying high). After all, over 100 years ago, we were founded by local business owners just like you.

As we commemorate Small Business Week in May and celebrate the contributions of small businesses and startups, we’re sharing a story that shows what’s possible when determination meets the right support.

Let’s introduce you to Lina LeRose, the heart and soul behind LeRose Dance Company in Westhampton Beach, Long Island. Lina’s been dancing since she was nine and teaching since sixteen. In 2016, she opened her own studio—because she saw a need for a space where dance wasn’t just about perfect technique, but about expression, connection, and kindness.

Her studio is a haven for kids and adults alike. One young student, going through a tough time at home, found healing in the freedom of movement. For Lina, moments like that are why she does what she does.

“We’re not just a studio—we’re a dance family,” Lina says with a smile. “It’s a place where you can leave your troubles at the door and just be yourself.”

Like any business owner with a big heart and big dreams, Lina knew that growing her studio would take more than passion. When she was ready to expand her studio in 2024, she turned to Ridgewood Savings Bank—on the advice of a family member, no less. (Because who knows better than family?)

“I was looking for more than just a bank,” Lina says. “I wanted a partner who cared about my vision.”

With help from an SBA 7(a) Loan, Lina was able to:

• Build out her second studio
• Keep things running smoothly during construction
• Plan a new program blending dance and mental health, helping students manage stress through movement

And the best part? “The process was smooth, and everyone at Ridgewood was so kind and supportive,” Lina says.

Perhaps you’re dreaming of expanding your shop, upgrading your equipment, or just need a little cushion to manage the day-to-day. Whatever your next step is, an SBA 7(a) Loan can help get you there:

• Borrow up to $5 million if eligible
• Get up to 90% financing
• Enjoy competitive rates (fixed or variable)
• No balloon payments, and no prepayment penalties for loans under 15 years
• Flexible terms: 7 years for working capital, 10 years for equipment, and 25 years for real estate
• Even revolving lines of credit for specific needs

So, if you’re looking to grow your business, let’s talk. The right financing—and the right partner—can make all the difference. To learn how Ridgewood Savings Bank can help your business thrive contact our Business Banking Team today at (844) 772-4722 or email [email protected].

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