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May 7, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minnetonka, Business Loans > Signature Bank Minnetonka Business Loans > Rocky Mountain Cartridge World Loan | ||||
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Small Business Banks for Minneapolis Small Business Owners
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Loan to Buy Cartridge World Stores Franchise Issued By Signature BankNeed a loan to purchase a Cartridge World Stores franchise? Signature Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Minneapolis, Minnesota needed money to invest in a Cartridge World Stores franchise back in 2007. Signature Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower ROCKY MOUNTAIN CARTRIDGE WORLD SBA Loan Lender SIGNATURE BANK 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 811212 - Computer and Office Machine Repair and Maintenance Loan Approval Date 8/3/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in Minnetonka, Minnesota
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