Balboa Capital Becomes Approved Lender for Massage Envy Franchise Owners
OCT 17, 2018 - 7:15 am
Balboa Capital, an independent financing company that specializes in small business loans, equipment leasing and franchise financing, will now be recognized by Massage Envy as an approved lender for its franchise owners throughout the U.S.
Balboa Capital will structure and deliver custom-tailored financing programs to Massage Envy franchisees that need funding for furniture, fixtures and equipment, remodeling initiatives and brand mandates. Balboa Capital will also offer franchise business loans to Massage Envy franchise owners who require capital to cover daily operational expenses.
“We are pleased to be an approved lender for Massage Envy and look forward to providing their franchise owners with flexible, affordable financing solutions,” said Tyler Pratt, Business Development Manager at Balboa Capital adding, “becoming an approved lender for this rapidly growing massage and spa concept speaks to our expertise and track record of success in the franchise financing arena, and our commitment to exceptional customer service.”
Balboa Capital will enable single-unit and multi-unit Massage Envy franchise owners to leverage technology at each step of the financing process. “Our best-in-class franchise financing platform was designed to meet the growing needs of franchisees who want an easy and efficient way to obtain growth capital in a timely manner,” said Pratt. “Applying online takes just a few minutes, and decisions are provided quickly thanks to our proprietary scoring system. Upon approval, franchise owners can expect to receive funds in a matter of days.”
Founded in 2002 and based in Scottsdale, AZ, Massage Envy is a national franchisor and provider of therapeutic massage and skincare services, and proprietary assisted stretching service, Total Body Stretch. The Massage Envy franchise system employs more than 35,000 dedicated wellness professionals that provide best-in-class service to over 1.65 million members.
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