Texas Entrepreneur Secures Financing to Buy Jackson Hewitt Tax Service Franchise

Need money to buy a Jackson Hewitt Tax Service franchise? Millennium State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

If you live near Dallas, Texas and are interested in buying a Jackson Hewitt Tax Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Millennium State Bank Of Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICE
DALLAS, TX 75243

SBA Loan Lender

MILLENNIUM STATE BANK OF TEXAS
11950 WEBB CHAPEL RD
DALLAS, TX 75234

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

6/29/2006

Loan Approval Gross Amount

$660,000

Loan Approval from the SBA

Of the total $660,000 loan amount, the SBA guaranteed $495,000.

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 160 employees. The loan application indicated that the loan would help generate 160 new jobs and retain 160 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $660,000 loan. Remember, things become real when you believe you can achieve them!

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:

Jackson Hewitt Tax Service

How to Raise Money

SBA 7A Lenders in Dallas, Texas

Getting an SBA Loan in Texas