SBA Loans for Tax Preparation Services

With these SBA loans for tax preparation services, the SBA guarantees the lender that the loan will be repaid. This tax preparation services loan for $60,000 was given to a Texas entrepreneur in 2001.

Getting a small business loan in Jacksonvilles, Texas was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Austin Bank Texas, operating out of Longview, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: TAX PREPARATION SERVICES
JACKSONVILLES, TX 75766

SBA Loan Lender

AUSTIN BANK TEXAS
3400 W MARSHALL AVE
LONGVIEW, TX 75604

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

11/16/2001

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application 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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

Getting a Small Business Loan

Good Banks for Small Business in Longview, Texas

Texas SBA Bank Lenders