Borrow Money to Buy a Liberty Tax Service Franchise

Need a loan to purchase a Liberty Tax Service franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Liberty Tax Service franchise may simply require a phone call to a local SBA banker. In 2005, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Royal Oak, Michigan. Because Liberty Tax Service was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

COMER, INC. DBA LIBERTY TAX SERVICE #2651
ROYAL OAK, MI 48067

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

6/27/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

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 20 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 23 existing jobs.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Royal Oak or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Realistic Debt Financing Options

Where to Get an SBA Loan in Providence, Rhode Island

Getting a Business Loan in Rhode Island