Orland Park, IL Entrepreneur Gets SBA Loan to Buy Cartridge World Stores Franchise

Need money to buy a Cartridge World Stores franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Cartridge World Stores franchise loans are available to Orland Park, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Shorebank, based in Chicago, Illinois, issued an SBA franchise loan for a Cartridge World Stores franchise in 2005. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

RAAW Z, INC.
ORLAND PARK, IL 60462

SBA Loan Lender

SHOREBANK
7936 S COTTAGE GROVE AVE
CHICAGO, IL 60619

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves 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

325910 - Printing Ink Manufacturing

Loan Approval Date

8/9/2005

Loan Approval Gross Amount

$134,000

Loan Approval from the SBA

Of the total $134,000 loan amount, the SBA guaranteed $113,900.

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 4 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Shorebank 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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