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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Tipton, Business Loans > Community State Bank Tipton Business Loans > Liberty Tax Service Loan | ||||
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SBA Franchise Lenders in Iowa
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North Liberty, IA Entrepreneur Gets SBA Loan to Buy Liberty Tax Service FranchiseBorrowing money to buy a Liberty Tax Service franchise? Community State Bank has a history of making these loans and they are guaranteed by the SBA. Liberty Tax Service franchise loans are available to North Liberty, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community State Bank, based in Tipton, Iowa, issued an SBA franchise loan for a Liberty Tax Service franchise in 2002. We've got all the details on this Iowa small business loan. SBA Loan Borrower LIBERTY TAX SERVICE SBA Loan Lender COMMUNITY STATE BANK 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. NAICS Code 541213 - Tax Preparation Services Loan Approval Date 8/26/2002 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Liberty Tax Service franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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