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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Bedford, Business Loans > First National Bank - Mid-Cities Bedford Business Loans > Liberty Tax Service Loan | ||||
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Good Sources for Arlington SBA Loans
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Borrow Money to Buy a Liberty Tax Service FranchiseNeed a loan to buy a Liberty Tax Service franchise? First National Bank - Mid-Cities has a history of making these loans and they are guaranteed by the SBA. Liberty Tax Service franchise loans are available to Arlington, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Mid-Cities, based in Bedford, Texas, issued an SBA franchise loan for a Liberty Tax Service franchise in 2004. We've got all the details on this Texas small business loan. SBA Loan Borrower LIBERTY TAX SERVICE SBA Loan Lender FIRST NATIONAL BANK - MID-CITIES This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541213 - Tax Preparation Services Loan Approval Date 12/29/2004 Loan Approval Gross Amount $56,500 Loan Approval from the SBA Of the total $56,500 loan amount, the SBA guaranteed $48,025. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Liberty Tax Service franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Arlington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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