Where to Get Capital for Building Material Dealers

Looking for small business loans for building material dealers? Try the SBA. This $169,600 building material dealers loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Magnolia, Ohio was able to borrow $169,600 from National City Bank. The SBA made the loan possible by guaranteeing $84,800 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
Magnolia, OH 44643

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$169,600

Loan Approval from the SBA

Of the total $169,600 loan amount, the SBA guaranteed $84,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Magnolia OH, you ought to talk with a local Magnolia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Magnolia businesses.

This SBA loan was for $169,600. How would you spend $169,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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Ohio SBA 7A Lenders