Bank Loans for Tax Preparation Services

Looking for bank loans for tax preparation services? Talk to a banker who works with the SBA. This $50,000 tax preparation services loan was issued by a Michigan bank.

This small firm knew how to go about getting a business bank loan. Based in New Baltimore, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Michigan Schools & Government, based in Clinton Township, Michigan.

SBA Loan Borrower

COMPANY TYPE: TAX PREPARATION SERVICES
NEW BALTIMORE, MI 48047

SBA Loan Lender

MICHIGAN SCHOOLS & GOVERNMENT
40400 GARFIELD RD
CLINTON TOWNSHIP, MI 48038

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

5/23/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Direct Public Offerings

SBA Approved Banks in Clinton Township, Michigan

Getting an SBA Loan in Michigan