Direct lender Ascentium Capital developed a national finance program with Massage Envy, a provider of therapeutic massage and skin care services, to support the latter’s franchisees.
Ascentium Capital’s finance program will offer affordable monthly payments, deferred structures and other payment options. The program enables franchisees to finance nearly anything, including furniture, fixtures, signage, point of sale technology and lighting. Additionally, working capital will be available for marketing, inventory, and other items.
The finance program will be available to the entire Massage Envy franchise footprint covering the United States.
“We are proud to help the Massage Envy franchise network with their business initiatives. We look forward to assisting the franchisor and franchisees build their brand, drive revenue, and continue national expansion,” said Len Baccaro, senior vice president of Sales at Ascentium Capital.
“Our goal is to ensure our franchisees are set up for long term success. Ascentium Capital’s finance expertise will help our franchisees have access to a streamlined way to finance their refreshes, acquire new franchised locations and easily add equipment and technology to their locations,” said Tim Weiderhoft, Massage Envy vice president of Franchise Development. “The customized financing will also help franchisees stay competitive.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
One Reply to “Ascentium Partners with Massage Envy for Strategic Finance Program”
This should be re-titled how the Mafia got legit.