Lafayette Bank & Trust Natl Provides SBA Loan to Buy Jackson Hewitt Tax Service Franchise

Borrowing money to buy a Jackson Hewitt Tax Service franchise? Lafayette Bank & Trust Natl has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lafayette, Indiana needed money to invest in a Jackson Hewitt Tax Service franchise back in 2003. Lafayette Bank & Trust Natl issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICES
LAFAYETTE, IN 47904

SBA Loan Lender

LAFAYETTE BANK & TRUST NATL
250 MAIN ST
LAFAYETTE, IN 47901

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.

SIC Code

7291 - Tax Return Preparation Services

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

8/14/2003

Loan Approval Gross Amount

$118,250

Loan Approval from the SBA

Of the total $118,250 loan amount, the SBA guaranteed $100,512.

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 22 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

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