Loan Census Banking News and Information
April 26, 2024  
 
 
  Business Loan Information  
 

Examples of Humble SBA Loans

 

 
Loan Census SBA Loan Info

Tax Preparation Services Bank Loans

Looking for bank loans for tax preparation services? An SBA loan may be just what you've been looking for. This $367,000 tax preparation services loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Humble, Texas was able to borrow $367,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $275,250 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: TAX PREPARATION SERVICES
HUMBLE, TX 77346

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

9/8/2003

Loan Approval Gross Amount

$367,000

Loan Approval from the SBA

Of the total $367,000 loan amount, the SBA guaranteed $275,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $367,000 loan. Remember, fight for what you want, and it will be yours!

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 Decide How Much to Raise

SBA Banks in Livingston, New Jersey

New Jersey SBA 7A Banks