Loan Census Banking News and Information
February 8, 2023  
 
 
  Business Loan Information  
 

Loans to Buy a Franchise in Louisiana

 

 
Loan Census SBA Loan Info

Gulf Coast Bank Provides SBA Loan to Buy Liberty Tax Service Franchise

Need a loan to purchase a Liberty Tax Service franchise? Gulf Coast Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Lafayette, Louisiana and are interested in buying a Liberty Tax Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Gulf Coast Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LIBERTY TAX SERVICE
LAFAYETTE, LA 70503

SBA Loan Lender

GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

10/4/2004

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $57,800.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Lafayette 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:

Liberty Tax Service

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SBA 7A Banks for Abbeville, Louisiana Loans

SBA Louisiana Lenders