Overbrook, KS Entrepreneur Gets SBA Loan to Buy Jackson Hewitt Tax Service Franchise

Need money to purchase a Jackson Hewitt Tax Service franchise? Peoples Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Jackson Hewitt Tax Service franchise? If so, here's a 2002 SBA franchise loan that you should know about. Peoples Bank was the lender and the entrepreneur was based in Overbrook, Kansas.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICE
OVERBROOK, KS 66524

SBA Loan Lender

PEOPLES BANK
4831 W 6TH ST
LAWRENCE, KS 66044

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

9/27/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jackson Hewitt Tax Service franchise. At the time of the loan, the company had 21 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Jackson Hewitt Tax Service

Small Business Loan

Where to Get an SBA Loan in Lawrence, Kansas

Getting an SBA Loan in Kansas