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April 20, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Prosper, Business Loans > Prosper Bank Prosper Business Loans > Massage Envy Loan | ||||
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SBA Franchise Financing Lender Houston Texas
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Prosper Bank Provides SBA Loan to Buy Massage Envy FranchiseNeed money to invest in a Massage Envy franchise? Prosper Bank 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 2006, Prosper Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Massage Envy was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower MASSAGE ENVY SBA Loan Lender PROSPER BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 8/7/2006 Loan Approval Gross Amount $250,300 Loan Approval from the SBA Of the total $250,300 loan amount, the SBA guaranteed $187,725. 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Prosper Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Approved Banks in Prosper, Texas
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