Montgomery Bank Provides SBA Loan to Buy Massage Envy Franchise

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

Getting money to buy a Massage Envy franchise requires some effort but others before you have been successful. In 2005, Montgomery Bank issued an SBA franchise loan to an entrepreneur in St. Louis, Missouri. Because Massage Envy was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

MASSAGE ENVY
ST. LOUIS, MO 63129

SBA Loan Lender

MONTGOMERY BANK
1 MONTGOMERY BANK PLZ
SIKESTON, MO 63801

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

9/6/2005

Loan Approval Gross Amount

$198,225

Loan Approval from the SBA

Of the total $198,225 loan amount, the SBA guaranteed $148,669.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Massage Envy franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Montgomery Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Montgomery Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Family and Friend Investors - Your First Financiers

SBA Approved Banks in Sikeston, Missouri

Missouri SBA Bank Lenders