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May 4, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Kenosha, Business Loans > Banks Of Wisconsin Kenosha Business Loans > Cartridge World Loan | ||||
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SBA Franchise Financing Lender Kenosha Wisconsin
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Kenosha, WI Entrepreneur Gets SBA Loan to Buy Cartridge World Stores FranchiseNeed money to purchase a Cartridge World Stores franchise? Banks Of Wisconsin has a history of making these loans and they are guaranteed by the SBA. If you live near Kenosha, Wisconsin and are interested in buying a Cartridge World Stores franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Banks Of Wisconsin. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower CARTRIDGE WORLD SBA Loan Lender BANKS OF WISCONSIN This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811211 - Consumer Electronics Repair and Maintenance Loan Approval Date 4/6/2005 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 a new 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 small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banks Of Wisconsin and they will explain how you can get an SBA loan for your company. 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: Role of Business Plan When Raising Money Good Banks for Small Business in Kenosha, Wisconsin
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