Minnesota Entrepreneur Secures Financing to Buy Cartridge World Stores Franchise

Need a loan to buy a Cartridge World Stores franchise? Community Resource Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Cartridge World Stores franchise is doable. In 2007, Community Resource Bank issued an SBA franchise loan to an entrepreneur in Dundas, Minnesota. Because Cartridge World Stores was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

CW DUNDAS, LLC
DUNDAS, MN 55019

SBA Loan Lender

COMMUNITY RESOURCE BANK
1605 HERITAGE DR
NORTHFIELD, MN 55057

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443120 - Computer and Software Stores

Loan Approval Date

12/18/2007

Loan Approval Gross Amount

$129,900

Loan Approval from the SBA

Of the total $129,900 loan amount, the SBA guaranteed $110,415.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had no employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Cartridge World

Small Business Loan

SBA Participating Banks in Northfield, Minnesota

Getting an SBA Loan in Minnesota