Tax Preparation Services Commercial Loans
Looking for commercial loans for tax preparation services? The SBA may be the answer. This $59,500 tax preparation services loan was issued by a Maryland bank.
Getting a small business loan in Bel Air, Maryland was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Patapsco Bank, operating out of Baltimore, Maryland. Here are the details on this Maryland small business loan.
SBA Loan Borrower
COMPANY TYPE: TAX RETURN PREPARATION SERVICES
BEL AIR, MD 21014
SBA Loan Lender
THE PATAPSCO BANK
2028 JOPPA RD
BALTIMORE, MD 21234
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7291 - Tax Return Preparation Services
NAICS Code
541213 - Tax Preparation Services
Loan Approval Date
2/11/2004
Loan Approval Gross Amount
$59,500
Loan Approval from the SBA
Of the total $59,500 loan amount, the SBA guaranteed $50,575.
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 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Accountant's Role in Securing Financing
SBA Approved Banks in Baltimore, Maryland
Where to Get an SBA Loan Maryland