Marietta, GA Entrepreneur Gets SBA Loan to Buy Jackson Hewitt Tax Service Franchise

Borrowing money to purchase a Jackson Hewitt Tax Service franchise? Capitol City Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Marietta, Georgia 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 2003 by Capitol City Bank & Trust. 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
MARIETTA, GA 30066

SBA Loan Lender

CAPITOL CITY BANK & TRUST
562 LEE ST SW
ATLANTA, GA 30310

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.

SIC Code

7291 - Tax Return Preparation Services

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

2/3/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jackson Hewitt Tax Service franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 $100,000 loan. Remember, you control your own destiny.

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

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Atlanta, Georgia

Getting an SBA Loan in Georgia