San Antonio, TX Entrepreneur Gets SBA Loan to Buy Massage Envy Franchise

Borrowing money to purchase a Massage Envy franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Antonio, Texas needed money to invest in a Massage Envy franchise back in 2007. First Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

MASSAGE ENVY BANDERA OAKS
SAN ANTONIO, TX 78250

SBA Loan Lender

FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

5/11/2007

Loan Approval Gross Amount

$244,400

Loan Approval from the SBA

Of the total $244,400 loan amount, the SBA guaranteed $183,300.

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 22 employees. The SBA loan documents indicated that the funding would help create 22 new jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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