Ascentium Capital LLC announced the development of a national finance program with Massage Envy, a leading provider of therapeutic massage and skin care services.
Ascentium Capital’s finance program will offer affordable monthly payments, deferred structures and other payment options. The program enables franchisees to finance nearly anything, including furniture, fixtures, signage, point of sale technology and lighting. Additionally, working capital is available for marketing, inventory and other items. The finance program will be available to the entire Massage Envy franchise footprint covering the United States.
“We are proud to help the Massage Envy franchise network with their business initiatives. We look forward to assisting the franchisor and franchisees build their brand, drive revenue and continue national expansion,” said Len Baccaro, Senior Vice President of Sales at Ascentium Capital.
“Our goal is to ensure our franchisees are set up for long-term success. Ascentium Capital’s finance expertise will help our franchisees have access to a streamlined way to finance their refreshes, acquire new franchised locations and easily add equipment and technology to their locations,” said Tim Weiderhoft, Vice President of Franchise Development at Massage Envy. “The customized financing will also help franchisees stay competitive.”
As a direct lender, Ascentium Capital specializes in franchise financing providing commercial financing, leasing, and loans nationwide. The company is the nation’s largest private-independent equipment finance company in the United States.
Massage Envy, based in Scottsdale, AZ, is a national franchisor and, through its franchise locations, is the leading provider of therapeutic massage and skincare services. The Massage Envy franchise system is, collectively, the largest employer of massage therapists and estheticians, with more than 35,000 dedicated wellness professionals that provide best-in-class service to over 1.65 million members.
Founded in 2002, Massage Envy has more than 1,150 franchise locations in 49 states that have together delivered more than 100 million massages and facials.