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April 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Edina, Business Loans > Tcf National Bank Edina Business Loans > Group 14, Inc. Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Addison, IL Entrepreneur Gets SBA Loan to Buy Liberty Tax Service FranchiseNeed a loan to buy a Liberty Tax Service franchise? Tcf National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Liberty Tax Service franchise? If so, here's a 2005 SBA franchise loan that you should know about. Tcf National Bank was the lender and the entrepreneur was based in Addison, Illinois. SBA Loan Borrower GROUP 14, INC. SBA Loan Lender TCF NATIONAL BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541213 - Tax Preparation Services Loan Approval Date 9/27/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Liberty Tax Service franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Getting an SBA Loan in Minnesota
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