Pennsylvania Entrepreneur Secures Financing to Buy Cartridge World Stores Franchise

Borrowing 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 is doable. In 2004, The Legacy Bank, A Division Of issued an SBA franchise loan to an entrepreneur in Hummelstown, 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. DBA CARTRIDGE WORLD
Hummelstown, PA 17036

SBA Loan Lender

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

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541519 - Computer Related Services

Loan Approval Date

10/21/2004

Loan Approval Gross Amount

$21,800

Loan Approval from the SBA

Of the total $21,800 loan amount, the SBA guaranteed $10,900.

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. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Legacy Bank, A Division Of that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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