South Dakota Entrepreneur Secures Financing to Buy H & R Block Franchise

Need a loan to purchase a H & R Block franchise? Home Federal Bank has a history of making these loans and they are guaranteed by the SBA.

H & R Block franchise loans are available to Watertown, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Home Federal Bank, based in Watertown, South Dakota, issued an SBA franchise loan for a H & R Block franchise in 2007. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

ACES MONEY, INC.
WATERTOWN, SD 57201

SBA Loan Lender

HOME FEDERAL BANK
523 9TH AVE SE
WATERTOWN, SD 57201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541213 - Tax Preparation Services

Loan Approval Date

12/10/2007

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 11 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA Participating Banks in Watertown, South Dakota

South Dakota SBA 7A Lenders