Borrow Money to Buy a Jackson Hewitt Tax Service Franchise
Borrowing money to buy a Jackson Hewitt Tax Service franchise? Albina Community Bank has a history of making these loans and they are guaranteed by the SBA.
Jackson Hewitt Tax Service franchise loans are available to Vancouver, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Albina Community Bank, based in Portland, Oregon, issued an SBA franchise loan for a Jackson Hewitt Tax Service franchise in 2002. We've got all the details on this Washington small business loan.
SBA Loan Borrower
JACKSON HEWITT TAX SERVICE
VANCOUVER, WA 98683
SBA Loan Lender
ALBINA COMMUNITY BANK
2002 NE MLK JR BLVD
PORTLAND, OR 97212
This lender issued this particular SBA 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.
NAICS Code
541213 - Tax Preparation Services
Loan Approval Date
9/3/2002
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Jackson Hewitt Tax Service franchise. At the time of the loan, the company
had 35 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.
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.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Jackson Hewitt Tax Service
Startup Funding Tip
Banks in Portland, Oregon
Getting an SBA Loan in Oregon