How to Get a Loan for Tax Preparation Services

With these business loans for tax preparation services, the SBA guarantees the lender that the loan will be repaid. This tax preparation services loan for $78,600 was given to a Georgia entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atlanta, Georgia was able to borrow $78,600 from Citizens Trust Bank. The SBA made the loan possible by guaranteeing $62,880 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: TAX RETURN PREPARATION SERVICES
ATLANTA, GA 30331

SBA Loan Lender

CITIZENS TRUST BANK
75 PIEDMONT AVE NE
ATLANTA, GA 30303

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

11/15/2000

Loan Approval Gross Amount

$78,600

Loan Approval from the SBA

Of the total $78,600 loan amount, the SBA guaranteed $62,880.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Raising VC Money for Social Networking Companies

Best Atlanta, Georgia Banks for Small Business

Getting an SBA Loan in Georgia