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November 23, 2024  
 
 
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Texas Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Liberty Tax Service Franchise

Borrowing money to purchase a Liberty Tax Service franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Liberty Tax Service franchise loans are available to Lago Vista, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Sioux Falls, South Dakota, issued an SBA franchise loan for a Liberty Tax Service franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

HIEXPECTATION PROFESSIONAL
LAGO VISTA, TX 78645

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

12/11/2007

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 12 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 5 existing jobs.

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 SBA loan was for $20,000. How would you spend $20,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Liberty Tax Service

Understanding Dilution

Where to Get an SBA Loan in Sioux Falls, South Dakota

Browse All Business Loan Sources for South Dakota