Borrowing Money for Building Material Dealers

Looking for small business loans for building material dealers? The SBA may be the answer. This $70,000 building material dealers loan was issued by an Ohio bank.

This small firm knew how to go about getting a business bank loan. Based in Findlay, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was The Commercial Savings Bank, based in Upper Sandusky, Ohio.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
FINDLAY, OH 45840

SBA Loan Lender

THE COMMERCIAL SAVINGS BANK
118 S SANDUSKY AVE
UPPER SANDUSKY, OH 43351

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

444190 - Building Material Dealers

Loan Approval Date

5/14/2007

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $35,000.

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 only one employee. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Commercial Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Commercial Savings 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.

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