Balboa Capital, an independent financing company that specializes in small business loans, equipment leasing and franchise financing, has been named as an approved lender for the franchise owners of Massage Envy throughout the US.
Founded in 2002 and based in Arizona, Massage Envy is a national franchisor and provider of therapeutic massage and skincare services, employing 35,000 professionals and providing services to 1.7 million members.
Balboa Capital will structure and deliver custom-tailored financing programs to Massage Envy franchisees if they 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 that require capital to cover daily operational expenses.
Tyler Pratt, business development manager at Balboa Capital, said: “We are pleased to be an approved lender for Massage Envy and look forward to providing their franchise owners with flexible, affordable financing solutions. 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.”
A digital finance process allows franchisees to applying online in minutes, with decisions provided quickly through the Balboa Capital’s proprietary scoring system.