Get an SBA Loan for Tax Preparation Services
With these bank loans for tax preparation services, the SBA guarantees the lender that the loan will be repaid. This tax preparation services loan for $20,000 was given to a Georgia entrepreneur in 2001.
Getting a small business loan in Albany, Georgia was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Heritagebank Of The South, operating out of Albany, Georgia. Here are the details on this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: TAX PREPARATION SERVICES
ALBANY, GA 31707
SBA Loan Lender
HERITAGEBANK OF THE SOUTH
310 W OGLETHORPE BLVD
ALBANY, GA 31701
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541213 - Tax Preparation Services
Loan Approval Date
9/24/2001
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $16,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
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