The Numbers Look Good with a BizCap Loan
Two local businesses ran the numbers and decided to take advantage of small business loans from BizCap.
Westwood Fabrication and Sheet Metal Inc., in Dayton, is growing. They recently purchased a larger commercial building to better handle their growth. They utilized the Ohio Regional 166 loan program which gave them a below market fixed interest rate for fifteen years, resulting in lower monthly payments.
Arcanum Ohio’s Picnic’s Pizza and Grille, Inc. recently went through a change in ownership. The new owners took advantage of an SBA 504 loan to finance the purchase of the building. By utilizing the 504 loan program they were able to lock in a fixed interest rate on 40% of the purchase price for twenty years, resulting in… you guessed it, lower monthly payments.