Las Vegas, NV Entrepreneur Gets SBA Loan to Buy Relax The Back Store Franchise

Borrowing money to purchase a Relax The Back Store franchise? Black Mountain Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Relax The Back Store franchise may simply require a phone call to a local SBA banker. In 2003, Black Mountain Community Bank issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Relax The Back Store was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

RELAX THE BACK
LAS VEGAS, NV 89102

SBA Loan Lender

BLACK MOUNTAIN COMMUNITY BANK
1700 W HORIZON RIDGE PKWY
HENDERSON, NV 89012

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

442110 - Furniture Stores

Loan Approval Date

2/4/2003

Loan Approval Gross Amount

$133,000

Loan Approval from the SBA

Of the total $133,000 loan amount, the SBA guaranteed $113,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Relax The Back Store franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Black Mountain Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Relax The Back Corporation

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