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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Equity Bank, Ssb Dallas Business Loans > H&r Block-Mt. Pleasant/pittsbu Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Equity Bank, Ssb Provides SBA Loan to Buy H & R Block FranchiseBorrowing 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. H & R Block franchise loans are available to Mt. Pleasant, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Equity Bank, Ssb, based in Dallas, Texas, issued an SBA franchise loan for a H & R Block franchise in 2001. We've got all the details on this Texas small business loan. SBA Loan Borrower H&R BLOCK-MT. PLEASANT/PITTSBU SBA Loan Lender EQUITY BANK, SSB The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank 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 12/12/2001 Loan Approval Gross Amount $455,000 Loan Approval from the SBA Of the total $455,000 loan amount, the SBA guaranteed $341,250. 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 11 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $455,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Dallas, Texas
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