Florida Entrepreneur Secures Financing to Buy Massage Envy Franchise

Borrowing money to purchase a Massage Envy franchise? Business Loan Center, LLC 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 2007, Business Loan Center, LLC issued an SBA franchise loan to an entrepreneur in Tallahassee, Florida. Because Massage Envy was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

THE CHESNA GROUP, LLC DBA MASSAGE ENVY
Tallahassee, FL 32309

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

10/16/2007

Loan Approval Gross Amount

$271,000

Loan Approval from the SBA

Of the total $271,000 loan amount, the SBA guaranteed $203,250.

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 4 employees. The SBA loan documents indicated that the loan would help generate 11 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $271,000 loan. Remember, you control your own destiny.

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

Raising VC Money for Social Networking Companies

Best Banks in New York, New York

Getting a Business Loan in New York