Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

Washington Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Loan to Buy Massage Envy Franchise Issued By First Heritage Bank

Need a loan to purchase a Massage Envy franchise? First Heritage 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 2004, First Heritage Bank issued an SBA franchise loan to an entrepreneur in Bothell, Washington. Because Massage Envy was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

MASSAGE ENVY
BOTHELL, WA 98012

SBA Loan Lender

FIRST HERITAGE BANK
167 LINCOLN ST
SNOHOMISH, WA 98290

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

812990 - Personal Services

Loan Approval Date

12/9/2004

Loan Approval Gross Amount

$52,500

Loan Approval from the SBA

Of the total $52,500 loan amount, the SBA guaranteed $44,625.

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 loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Heritage 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:

Massage Envy

Startup Funding Tip

SBA 7A Banks in Snohomish, Washington

Getting an SBA Loan in Washington