Pennsylvania Entrepreneur Secures Financing to Buy Cartridge World Stores Franchise

Need money to purchase a Cartridge World Stores franchise? The Legacy Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Cartridge World Stores franchise may simply require a phone call to a local SBA banker. In 2004, The Legacy Bank, A Division Of issued an SBA franchise loan to an entrepreneur in Harrisburg, Pennsylvania. Because Cartridge World Stores was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

ABIS, INC.
HARRISBURG, PA 17109

SBA Loan Lender

THE LEGACY BANK, A DIVISION OF
2600 COMMERCE DR
HARRISBURG, PA 17110

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541519 - Computer Related Services

Loan Approval Date

10/21/2004

Loan Approval Gross Amount

$128,200

Loan Approval from the SBA

Of the total $128,200 loan amount, the SBA guaranteed $96,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Harrisburg PA, you ought to talk with a local Harrisburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harrisburg businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Legacy Bank, A Division Of are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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