Sample 504 Loans

Two of the many businesses that have benefited from the SBA 504 program administered by CityWide are BITEC and Dr. Brown and Associates. Click below to read each of their stories.

BITEC Relocates, Expands with SBA 504 Financing from Citywide

With the help of an SBA (Small Business Administration) 504 loan administered by CityWide Development Corporation, BITEC was able to purchase and move to a new facility twice the size as its previous location. A custom precision machine shop owned by Beverly Bleicher, BITEC specializes in machining products for the mechanical testing, aerospace, defense, agriculture, nuclear, medical and petroleum industries.
Established by Bleicher in 1985, BITEC primarily serves customers in defense-related industries, including the US government. BITEC’s services include the manufacture of mechanical test specimens and composites, and custom CNC machining — all performed under an ISO9002 Registered quality system that meets the requirements of the Department of Defense, Department of Energy, and NASA . Over the years, BITEC has supplied complex components for the space shuttle’s main engine, aircraft brakes and wheels, tanks, defense systems, ships and submarines.
In addition to doubling the company’s previous work space, BITEC’s new facility at 220 Jersey Street provides better material handling capabilities and is closer to Wright Patterson Air Force Base, where many of BITEC’s customers are located.
Bleicher, the Miami Valley’s only minority female tool & die business owner, decided to pursue her dream of owning her own business following nine years as an Account Manager with Dayton Progress. Under her leadership, BITEC has earned the industry’s distinctive “certified vendor” status with many Fortune 500 companies, allowing the company to ship its products into its customer’s operation for direct inclusion into inventory.
Bleicher encourages other small business owners to check into CityWide’s SBA 504 loan program. “The services that CityWide and the SBA provide are invaluable to small developing businesses like mine,” she said. “Due to financial challenges faced by small businesses, these types of loan services are sometimes the only way a small business can access the capital required for growth. Ultimately, these loan programs do even more by strengthening small business, and that, in turn, will provide jobs to our local community."

Dr. Morris Brown Expands Downtown Medical Practice

A ribbon cutting was held on November 2 to celebrate the opening of Dr. Brown and Associates at 301 W. First Street in downtown Dayton.The practice focuses on preventative medicine and specialty treatment of diabetes, hypertension and cardiovascular disease. Dr. Brown’s new location is just a block away from the practice he established in 1985 at 128 West First Street. This original location will continue to operate as Dayton Primary Urgent Care.

“Considering our growth over the past 20 years, we are long overdue for this expansion,” said Dr. Brown. “My goal is still the same as it was in 1985 --- to provide quality and compassionate healthcare that is easily accessible to Dayton’s urban community. I believe downtown Dayton is the ideal location for accomplishing this goal.”

Dr. Brown purchased and renovated the property at 301 W. First Street with the help of a Small Business Administration (SBA) 504 loan administered by CityWide Development Corporation, financing from National City Bank, and his own equity.

“The services Dr. Brown is providing are especially valuable due to his downtown location,” said Clarence Taylor, loan officer for CityWide Development. “And the fact that he is retaining and creating jobs in Dayton is very important to our local economy. We are happy to be able to assist Dr. Brown with financing for this relocation and expansion project.”