Therapeutic Massage Franchise
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Expired |
| Grade: | AA | DTI: | 16% |
| Lender Rate: | 13% | Borrower: | ladybanker |
| Finished | State: | IL | |
| Funded: | 7% | Group: | (No Group) |
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Purpose of loan: Working Capital This loan will be used to provide start up working capital for a Massage Envy franchise. Recently our Home Equity line of credit was reduced, due to market conditions. The Home Equity reduction has left us short on the necessary funds to provide sufficient working capital during the first four months of operations. We will be contributing over $200,000 of our money, that will primarily cover buildout expenses. The franchise will be open by Nov 15, 2008. To learn more go to massageenvy.com Massage Envy is one of the fastest growing franchise providing therapeutic massage, conveniently and cost effectively. Massage Envy has won many awards over the last five years. This loan is a cushion that may or may not be needed. My financial situation: We are a good candidate for this loan because… My husband and I have long term employment and own our home with substanial equity. We are both are edcuated in the finance/accounting fields. We have low debt to income. We will pay this loan back as soon as possible. I love this site it is a great use of technology! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 402738 | Therapeutic Massage Franchise | AA | $25,000 @ 8% | Sep 23, 2008 | Withdrawn |
| 406109 | Therapeutic Massage Franchise | AA | $25,000 @ 12% | Sep 29, 2008 | Withdrawn |
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