Getting an SBA Loan for Roofing Contractors

With these business loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $100,000 was given to an Ohio entrepreneur in 2008.

Getting a small business loan in Amelia, Ohio was important for this business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Riverhills Bank, operating out of New Richmond, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
AMELIA, OH 45102

SBA Loan Lender

RIVERHILLS BANK
110 FRONT ST
NEW RICHMOND, OH 45157

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238160 - Roofing Contractors

Loan Approval Date

1/17/2008

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Riverhills Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Riverhills Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

Related Links:

Angel Investors

Small Bank Loans in New Richmond, Ohio

SBA Lenders in Ohio