Loan to Buy Cartridge World Stores Franchise Issued By Comerica Bank

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

An entrepreneur in Plaistow, New Hampshire needed money to invest in a Cartridge World Stores franchise back in 2006. Comerica Bank issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

CARTRIDGE WORLD
PLAISTOW, NH 03865

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325992 - Photographic Film, Paper, Plate, and Chemical Manufacturing

Loan Approval Date

9/29/2006

Loan Approval Gross Amount

$172,300

Loan Approval from the SBA

Of the total $172,300 loan amount, the SBA guaranteed $129,225.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan 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 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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