Massage Envy, the pioneer and national leader of professional, convenient and affordable massage and spa services, announced today that new and existing Massage Envy franchisees have exclusive access to $15 million in development capital in 2012. The funding is available through a franchisee lending program agreement Massage Envy entered into with Franchise America Finance(TM) (FAF) and The Bancorp Bank, a wholly-owned subsidiary of The Bancorp, Inc.
With this funding through FAF and The Bancorp Bank, Massage Envy has access to a total of $15 million for both new franchisee development, as well as existing franchisee expansion. Last year, Massage Envy franchisees took advantage of more than $5 million in funding offered through the lending program. Read full post.