Loan to Buy H & R Block Franchise Issued By United Bank Of Iowa

Need a loan to purchase a H & R Block franchise? United Bank Of Iowa has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a H & R Block franchise? If so, here's a 2000 SBA franchise loan that you should know about. United Bank Of Iowa was the lender and the entrepreneur was based in Ida Grove, Iowa.

SBA Loan Borrower

H & R BLOCK TAX SERVICE
IDA GROVE, IA 51445

SBA Loan Lender

UNITED BANK OF IOWA
501 2ND ST
IDA GROVE, IA 51445

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.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

11/30/2000

Loan Approval Gross Amount

$127,500

Loan Approval from the SBA

Of the total $127,500 loan amount, the SBA guaranteed $95,625.

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 7 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Bank Of Iowa that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

H&R Block

Equity Financing

SBA Banks in Ida Grove, Iowa

Iowa SBA 7A Banks