St. Louis, MO Entrepreneur Gets SBA Loan to Buy Massage Envy Franchise
Need money to purchase a Massage Envy franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Massage Envy franchise is doable. In 2005, U.S. Bank National Association 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
WINTER & ASSOCIATES LLC #1
ST. LOUIS, MO 63139
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This debt financing 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
621399 - Health Practitioners
Loan Approval Date
12/22/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $18,750.
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 30 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 50 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Related Links:
Massage Envy
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SBA Banks in Cincinnati, Ohio
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