Kansas Entrepreneur Secures Financing to Buy H & R Block Franchise

Need a loan to buy a H & R Block franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

H & R Block franchise loans are available to Manhattan, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank, based in Wamego, Kansas, issued an SBA franchise loan for a H & R Block franchise in 2003. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

H & R BLOCK
MANHATTAN, KS 66503

SBA Loan Lender

FIRST NATIONAL BANK
806 W 5TH ST
WAMEGO, KS 66547

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

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

12/11/2003

Loan Approval Gross Amount

$162,000

Loan Approval from the SBA

Of the total $162,000 loan amount, the SBA guaranteed $121,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

H&R Block

Business Incubators

SBA 7A Lenders in Wamego, Kansas

SBA Kansas Banks