Peoples Bank Of Virginia Provides SBA Loan to Buy Liberty Tax Service Franchise

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

Liberty Tax Service franchise loans are available to Richmond, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Peoples Bank Of Virginia, based in Richmond, Virginia, issued an SBA franchise loan for a Liberty Tax Service franchise in 2004. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

WIESAK WORLD WIDE
RICHMOND, VA 23229

SBA Loan Lender

PEOPLES BANK OF VIRGINIA
2702 N PARHAM RD
RICHMOND, VA 23294

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

12/2/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Liberty Tax Service franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the funding would help generate 3 new jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Liberty Tax Service

Obtaining Funding From a Venture Capitalist

SBA Banks in Richmond, Virginia

SBA Participating Banks in Virginia