Manchester, NH Entrepreneur Gets SBA Loan to Buy Desert Moon Cafe Franchise

Need money to purchase a Desert Moon Cafe franchise? Ocean Bank has a history of making these loans and they are guaranteed by the SBA.

Desert Moon Cafe franchise loans are available to Manchester, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ocean Bank, based in Portsmouth, New Hampshire, issued an SBA franchise loan for a Desert Moon Cafe franchise in 2005. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

HOWLING DAWG CANTINA LLC D/B/
Manchester, NH 03103

SBA Loan Lender

OCEAN BANK
325 STATE ST
PORTSMOUTH, NH 03801

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/6/2005

Loan Approval Gross Amount

$232,500

Loan Approval from the SBA

Of the total $232,500 loan amount, the SBA guaranteed $116,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Desert Moon Cafe franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

Related Links:

Desert Moon

Obtaining Funding From a Venture Capitalist

SBA 7A Banks for Portsmouth, New Hampshire Loans

Where to Get an SBA Loan New Hampshire