San Antonio, TX Entrepreneur Gets SBA Loan to Buy Massage Envy Franchise
Borrowing money to buy a Massage Envy franchise? Security Service Fcu has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Massage Envy franchise? If so, here's a 2006 SBA franchise loan that you should know about. Security Service Fcu was the lender and the entrepreneur was based in San Antonio, Texas.
SBA Loan Borrower
MASSAGE ENVY BANDERA OAKS
SAN ANTONIO, TX 78250
SBA Loan Lender
SECURITY SERVICE FCU
16211 LA CANTERA PKWY
SAN ANTONIO, TX 78256
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
812199 - Personal Care Services
Loan Approval Date
11/22/2006
Loan Approval Gross Amount
$52,900
Loan Approval from the SBA
Of the total $52,900 loan amount, the SBA guaranteed $26,450.
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. This SBA loan request indicated that the loan would help generate 18 new jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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
How Equity Dilution Works
SBA Participating Banks in San Antonio, Texas
Texas SBA 7A Lenders