Roofing Contractors Business Loans

With these business loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $163,500 was given to an Ohio entrepreneur in 2007.

Getting a small business loan in Millersburg, Ohio was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Federal Community Bank, operating out of Dover, Ohio. Here are the details on this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
MILLERSBURG, OH 44654

SBA Loan Lender

FIRST FEDERAL COMMUNITY BANK
321 N WOOSTER AVE
DOVER, OH 44622

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

238160 - Roofing Contractors

Loan Approval Date

8/6/2007

Loan Approval Gross Amount

$163,500

Loan Approval from the SBA

Of the total $163,500 loan amount, the SBA guaranteed $81,750.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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

SBIR Funding

SBA 7A Lenders in Dover, Ohio

Ohio SBA 7A Banks