Securing financing—for business expansion, to purchase high-end spa equipment or other reasons—is essential to growing a successful massage practice.
A new online tool makes finding financing easier for massage therapists and other small-business people, according to the article, “How to find a small business-friendly bank,” which was published this week in the Christian Science Monitor.
The tool, called Banking Grades, was launched by Multifunding, which provides financial consultation.
“On Banking Grades, anyone can search for an FDIC-regulated bank by name, zip code, city and/or address, ” the article noted. “Banks that make the most loans to small businesses (proportionately to their deposits) receive an A. Conversely, the banks are not making small business loans, receive an F.”
• “Build, Grow, Evolve: How to Secure Financing for Your Massage Practice” ran in the May print edition of MASSAGE Magazine.