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December 22, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > New York City, Business Loans > Banco Popular North America New York City Business Loans > Massage Envy Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Kennesaw, GA Entrepreneur Gets SBA Loan to Buy Massage Envy FranchiseBorrowing money to purchase a Massage Envy franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA. Massage Envy franchise loans are available to Kennesaw, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Massage Envy franchise in 2006. We've got all the details on this Georgia small business loan. SBA Loan Borrower MASSAGE ENVY SBA Loan Lender BANCO POPULAR NORTH AMERICA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 9/12/2006 Loan Approval Gross Amount $299,600 Loan Approval from the SBA Of the total $299,600 loan amount, the SBA guaranteed $224,700. 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 only one employee. The SBA loan documents indicated that the loan would help generate 34 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Banco Popular North America 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: Best Banks in New York City, New York
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