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| Entrepreneur Resources | First Bank Creve Coeur Business Loans | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Austin, Texas
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Borrow Money to Buy a Massage Envy FranchiseBorrowing money to invest in a Massage Envy franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Massage Envy franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Bank was the lender and the entrepreneur was based in Austin, Texas. SBA Loan Borrower MASSAGE ENVY SBA Loan Lender FIRST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621399 - Offices of All Other Miscellaneous Health Practitioners Loan Approval Date 5/2/2007 Loan Approval Gross Amount $280,000 Loan Approval from the SBA Of the total $280,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower, Massage Envy, 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 only one employee. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to Massage Envy to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding From a Venture Capitalist Good Banks for Small Business in Creve Coeur, Missouri If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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