Borrowing Money for Tax Preparation Services

Looking for small business loans for tax preparation services? Talk to a banker who works with the SBA. This $1,190,000 tax preparation services loan was issued by a North Dakota bank.

Getting a small business loan in West Fargo, North Dakota was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Forward, operating out of New Rockford, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: TAX RETURN PREPARATION SERVICES
WEST FARGO, ND 58078

SBA Loan Lender

BANK FORWARD
6 S 8TH ST
NEW ROCKFORD, ND 58356

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

12/5/2003

Loan Approval Gross Amount

$1,190,000

Loan Approval from the SBA

Of the total $1,190,000 loan amount, the SBA guaranteed $892,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - How to Borrow Money

Best Banks in New Rockford, North Dakota

North Dakota SBA Bank Lenders