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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Dayton, Business Loans > Fifth Third Bank Dayton Business Loans > Concrete Products Loan | ||||
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Fifth Third Bank Business Loans
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Financing for Concrete Product ManufacturingWith these loans for concrete product manufacturing, the SBA guarantees the lender that the loan will be repaid. This concrete product manufacturing loan for $20,000 was given to an Ohio entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bradford, Ohio was able to borrow $20,000 from Fifth Third Bank. The SBA made the loan possible by guaranteeing $17,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE PRODUCTS SBA Loan Lender FIFTH THIRD BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3272 - Concrete Products NAICS Code 327390 - Concrete Product Manufacturing Loan Approval Date 9/22/2003 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $20,000 loan. Remember, fight for what you want, and it will be yours! 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: Microlending as a Small Business Funding Source Best Dayton, Ohio Banks for Small Business
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