Ohio Entrepreneur Secures Financing to Buy H & R Block Franchise

Borrowing money to purchase a H & R Block franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Middlefield, Ohio needed money to invest in a H & R Block franchise back in 2006. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

H & R BLOCK
MIDDLEFIELD, OH 44062

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

At the time this loan was granted, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to ensure fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541219 - Accounting Services

Loan Approval Date

11/20/2006

Loan Approval Gross Amount

$233,000

Loan Approval from the SBA

Of the total $233,000 loan amount, the SBA guaranteed $174,750.

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 14 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into U.S. Bank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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