Dayton, Ohio Bank Gives SBA Loan to Concrete Work Company

Find Dayton, Ohio banks that specialize in small business loans and know how to work with entrepreneurs. Liberty Savings Bank, F.S.B. is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Kettering, Ohio starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Liberty Savings Bank, F.S.B.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CONCRETE WORK
KETTERING, OH 45429

SBA Loan Lender

LIBERTY SAVINGS BANK, F.S.B.
120 W SECOND ST
DAYTON, OH 45402

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

1771 - Concrete Work

NAICS Code

235420 - Drywall, Plastering, Acoustical, and Insulation Contractors

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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