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Advice for Business Owners On Getting a Loan

 

 
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Tax Preparation Services Loans

With these loans for tax preparation services, the SBA guarantees the lender that the loan will be repaid. This tax preparation services loan for $50,000 was given to a Florida entrepreneur in 2007.

Bovea Accounting & Financial S received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Capital One Bank (usa), out of Glen Allen, Virginia. The loan was granted and they received $50,000 to help grow their Miami, Florida business.

SBA Loan Borrower

BOVEA ACCOUNTING & FINANCIAL S
821 SW 122ND AVE
MIAMI, FL 33184

SBA Loan Lender

CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

9/17/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower, Bovea Accounting & Financial S, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to Bovea Accounting & Financial S 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 SBA loan database.

Related Links:

Accountant's Role in Securing Financing

SBA Participating Banks in Glen Allen, Virginia

Virginia SBA Bank Lenders

 

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