Borrow Money to Buy a Talking Book World Franchise

Borrowing money to invest in a Talking Book World franchise? Ocean Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Talking Book World franchise may simply require a phone call to a local SBA banker. In 2002, Ocean Bank issued an SBA franchise loan to an entrepreneur in Salem, New Hampshire. Because Talking Book World was registered with the SBA's registry of franchises, this New Hampshire small business loan was issued on an expedited basis.

SBA Loan Borrower

TALKING BOOK WORLD
SALEM, NH 03079

SBA Loan Lender

OCEAN BANK
VILLAGE SQUARE, RTE 111
HAMPSTEAD, NH 03826

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

9/18/2002

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Talking Book World franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $105,000 loan. Remember, fight for what you want, and it will be yours!

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:

Obtaining Funding - Getting Venture Capital

Banks in Hampstead, New Hampshire

SBA Participating Banks in New Hampshire