The massage therapy field is definitely a lucrative industry. In 2015, the massage therapy industry was worth $12. billion. This fact shows how big this industry really is. In addition, it has only grown more in 2016 and will continue to do so in coming years. There are immense opportunities in this field. Yet, business owners in this industry still face challenges and need capital for things like equipment, payroll, and more. For this reason, many banks, credit unions, and alternative lenders now offer massage therapy business financing.
Equipment costs, rent, utilities, marketing, and payroll can easily add up into the thousands each month. Luckily, there are banks, credit unions, and alternative lenders that can help you afford these costs. Traditionally, banks have certain criteria for lending out money to borrowers. They will usually not lend less than $100,000, which is the minimum amount that will earn them a profit. They will not lend out money to businesses younger than three years, ones with bad credit scores, or ones that need money fast.
Massage therapy business financing from Small Business Funding can be a more attractive option for business owners. We can connect your massage therapy business with lenders that have other criteria for loans, like the type of business that the industry is in and its current performance. Don’t waste your time jumping through hoops with conventional banks just to get denied for a loan. Look to apply for massage therapy business financing through Small Business Funding.
Expansion, hiring, repairs, equipment, or just working capital can be a hassle for any business owner. Let Small Business Funding do all the leg work for you to get you your massage therapy business financing. We will work day and night to find the best type of loan for your business. It can be either an unsecured business loan, a merchant cash advance or even an asset based loan. To receive fitness center business loans within 5 days apply here.