Bay Bank & Trust Co. Provides SBA Loan to Buy Jackson Hewitt Tax Service Franchise

Borrowing money to invest in a Jackson Hewitt Tax Service franchise? Bay Bank & Trust Co. has a history of making these loans and they are guaranteed by the SBA.

Jackson Hewitt Tax Service franchise loans are available to Panama City, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bay Bank & Trust Co., based in Panama City, Florida, issued an SBA franchise loan for a Jackson Hewitt Tax Service franchise in 2000. We've got all the details on this Florida small business loan.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICE
PANAMA CITY, FL 32401

SBA Loan Lender

BAY BANK & TRUST CO.
509 HARRISON AVE
PANAMA CITY, FL 32401

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.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

Loan Approval Date

3/2/2000

Loan Approval Gross Amount

$58,000

Loan Approval from the SBA

Of the total $58,000 loan amount, the SBA guaranteed $46,400.

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 3 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bay Bank & Trust Co. 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:

Jackson Hewitt Tax Service

SBIR Funding

Who Lends Money to Small Businesses in Panama City, Florida

Getting an SBA Loan in Florida