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April 19, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Emporia, Business Loans > The Lyon County State Bank Emporia Business Loans > Jackson Hewitt Tax Service Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Admire, KS Entrepreneur Gets SBA Loan to Buy Jackson Hewitt Tax Service FranchiseBorrowing money to buy a Jackson Hewitt Tax Service franchise? The Lyon County State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Admire, Kansas and are interested in buying a Jackson Hewitt Tax Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by The Lyon County State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower JACKSON HEWITT TAX SERVICE SBA Loan Lender THE LYON COUNTY STATE BANK 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. NAICS Code 541213 - Tax Preparation Services Loan Approval Date 6/20/2005 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Jackson Hewitt Tax Service franchise. At the time of the loan, the company had 45 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Lyon County State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Role of Business Plan When Raising Money
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