Texas Entrepreneur Secures Financing to Buy H & R Block Franchise

Borrowing money to invest in a H & R Block franchise? Equity Bank, Ssb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a H & R Block franchise? If so, here's a 2002 SBA franchise loan that you should know about. Equity Bank, Ssb was the lender and the entrepreneur was based in Mount Pleasant, Texas.

SBA Loan Borrower

H & R BLOCK OF MT. PLEASANT
MOUNT PLEASANT, TX 75455

SBA Loan Lender

EQUITY BANK, SSB
5220 SPRING VALLEY RD, STE 16
DALLAS, TX 75254

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

10/9/2002

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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

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

If you want money for new small business in Mount Pleasant TX, you ought to talk with a local Mount Pleasant SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Pleasant businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Equity Bank, Ssb 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

Role of Business Plan When Raising Money

SBA Participating Banks in Dallas, Texas

SBA Lenders in Texas