Loan Census Banking News and Information
December 26, 2024  
 
 
  Business Loan Information  
 

Advice for Financing a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Jackson Hewitt Tax Service Franchise

Need a loan to buy a Jackson Hewitt Tax Service franchise? Webster Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Warwick (rr Name Apponaug), Rhode Island needed money to invest in a Jackson Hewitt Tax Service franchise back in 2003. Webster Bank issued an SBA franchise loan. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower

JACKSON HEWITT TAX SERVICES
WARWICK (RR NAME APPONAUG), RI 02888

SBA Loan Lender

WEBSTER BANK
545 PLEASANT ST
NEW BEDFORD, MA 02740

This commercial 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

9/30/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jackson Hewitt Tax Service franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours 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

Dealing With Venture Capitalists

Best New Bedford, Massachusetts Banks for Small Business

SBA Massachusetts Lenders