Borrow Money to Buy a Massage Envy Franchise

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

Getting money to buy a Massage Envy franchise may simply require a phone call to a local SBA banker. In 2007, Prosperan Bank issued an SBA franchise loan to an entrepreneur in Eagan, Minnesota. Because Massage Envy was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

MASSAGE ENVY
EAGAN, MN 55123

SBA Loan Lender

PROSPERAN BANK
990 HELENA AVE NORTH
OAKDALE, MN 55128

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

11/30/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 25 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Realistic Debt Financing Options

Small Business Banks in Oakdale, Minnesota

Getting a Business Loan in Minnesota