Red Springs, NC Entrepreneur Gets SBA Loan to Buy Jackson Hewitt Tax Service Franchise

Borrowing money to purchase a Jackson Hewitt Tax Service franchise? Comerica 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 2006 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Red Springs, North Carolina.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICE
RED SPRINGS, NC 28377

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

10/16/2006

Loan Approval Gross Amount

$716,000

Loan Approval from the SBA

Of the total $716,000 loan amount, the SBA guaranteed $537,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 SBA loan application for the borrower indicated that the loan would help generate 18 new jobs and retain 3 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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