Borrowing Money for Tax Preparation Services

With these small business loans for tax preparation services, the SBA guarantees the lender that the loan will be repaid. This tax preparation services loan for $50,000 was given to a Georgia entrepreneur in 2000.

Getting a small business loan in Rome, Georgia was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank, operating out of Rome, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: TAX RETURN PREPARATION SERVICES
ROME, GA 30161

SBA Loan Lender

SUNTRUST BANK
100 E 2ND AVE
ROME, GA 30162

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7291 - Tax Return Preparation Services

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

10/5/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business planned 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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