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December 22, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Ashland, Business Loans > Union Bank And Trust Company Ashland Business Loans > American Tax Services, Inc. Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Union Bank And Trust Company Provides SBA Loan to Buy Liberty Tax Service FranchiseNeed money to invest in a Liberty Tax Service franchise? Union Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA. If you live near Ashland, Virginia 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 2001 by Union Bank And Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower AMERICAN TAX SERVICES, INC. SBA Loan Lender UNION BANK AND TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. 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 8/17/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 10 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 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in Ashland, Virginia Where to Get an SBA Loan Virginia
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