South Dakota Entrepreneur Secures Financing to Buy H & R Block Franchise

Borrowing money to buy a H & R Block franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

H & R Block franchise loans are available to Martin, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Mission, South Dakota, issued an SBA franchise loan for a H & R Block franchise in 2000. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

MK'S BOOKKEEPING
MARTIN, SD 57551

SBA Loan Lender

WELLS FARGO BANK
112 N MAIN ST
MISSION, SD 57555

This loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

Loan Approval Date

5/4/2000

Loan Approval Gross Amount

$25,750

Loan Approval from the SBA

Of the total $25,750 loan amount, the SBA guaranteed $20,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a H & R Block franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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H&R Block

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Banks in Mission, South Dakota

SBA Lenders in South Dakota