Texas Champion Bank Provides SBA Loan to Buy H & R Block Franchise

Need money to invest in a H & R Block franchise? Texas Champion Bank has a history of making these loans and they are guaranteed by the SBA.

H & R Block franchise loans are available to Three Rivers, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texas Champion Bank, based in George West, Texas, issued an SBA franchise loan for a H & R Block franchise in 2003. We've got all the details on this Texas small business loan.

SBA Loan Borrower

H & R BLOCK THREE RIVERS
THREE RIVERS, TX 78071

SBA Loan Lender

TEXAS CHAMPION BANK
904 HWY 59 WEST
GEORGE WEST, TX 78022

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

9/18/2003

Loan Approval Gross Amount

$73,700

Loan Approval from the SBA

Of the total $73,700 loan amount, the SBA guaranteed $62,645.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a H & R Block franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $73,700 loan. Remember, where there is a will, there is a way!

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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SBA Approved Banks in George West, Texas

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