Rockwall, TX Entrepreneur Gets SBA Loan to Buy Massage Envy Franchise

Need a loan to invest in a Massage Envy franchise? Prosper Bank has a history of making these loans and they are guaranteed by the SBA.

Massage Envy franchise loans are available to Rockwall, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Prosper Bank, based in Prosper, Texas, issued an SBA franchise loan for a Massage Envy franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

MASSAGE ENVY
ROCKWALL, TX 75032

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

4/10/2006

Loan Approval Gross Amount

$159,800

Loan Approval from the SBA

Of the total $159,800 loan amount, the SBA guaranteed $119,850.

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 application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $159,800. How would you spend $159,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Prosper, Texas

SBA Participating Banks in Texas