Oklahoma Entrepreneur Secures Financing to Buy Cartridge World Stores Franchise
Need a loan to invest in a Cartridge World Stores franchise? Home National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Cartridge World Stores franchise? If so, here's a 2004 SBA franchise loan that you should know about. Home National Bank was the lender and the entrepreneur was based in Owasso, Oklahoma.
SBA Loan Borrower
CARTRIDGE WORLD
OWASSO, OK 74006
SBA Loan Lender
HOME NATIONAL BANK
1350 W DOOLIN
BLACKWELL, OK 74631
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453210 - Office Supplies and Stationery
Loan Approval Date
8/4/2004
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
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 4 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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
Obtaining Funding - How to Decide How Much to Raise
Where to Get an SBA Loan in Blackwell, Oklahoma
Oklahoma SBA Banks