Columbia, MO Entrepreneur Gets SBA Loan to Buy Massage Envy Franchise

Borrowing money to invest in a Massage Envy franchise? The Callaway Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Columbia, Missouri needed money to invest in a Massage Envy franchise back in 2005. The Callaway Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

MASSAGE ENVY
COLUMBIA, MO 65202

SBA Loan Lender

THE CALLAWAY BANK
5 EAST 5TH ST
FULTON, MO 65251

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/9/2005

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 Massage Envy franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 The Callaway Bank 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:

Massage Envy

Business Line of Credit

Small Bank Loans in Fulton, Missouri

SBA Missouri Banks