Franchise brands › Massage Luxe
Franchise brand78 approvals since FY2011
SBA loans to Massage Luxe franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2011, 78 SBA loan approvals worth $36.5M carry the Massage Luxe franchise code, 34 of them in FY2021 to FY2025.
In FY2025 there were 5. The average approval in the five-year window was $540K.
14 lenders made the FY2021 to FY2025 loans across 12 states; the most active were The Bank of Houston (9), The Huntington National Bank (8) and First Utah Bank (3).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 6.8% as charged off, close to the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $2.6M | $859K | 0 | 115 |
| FY2025 | 5 | $3.5M | $700K | 0 | 106 |
| FY2024 | 4 | $3.0M | $758K | 0 | 68 |
| FY2023 | 13 | $6.8M | $524K | 0 | 454 |
| FY2022 | 5 | $2.5M | $495K | 0 | 122 |
| FY2021 | 7 | $2.5M | $364K | 0 | 171 |
| FY2020 | 3 | $1.4M | $473K | 0 | 32 |
| FY2019 | 7 | $3.1M | $440K | 0 | 219 |
| FY2018 | 6 | $2.9M | $486K | 0 | 132 |
| FY2017 | 4 | $1.9M | $466K | 0 | 100 |
| FY2016 | 3 | $767K | $256K | 0 | 50 |
SBA's franchise field lists the brand as "MASSAGE LUXE"; "Massage Luxe"; "Massage LuXe". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Massage Luxe | All SBA loans |
|---|---|---|
| Approvals in these years | 48 | 725,496 |
| Cancelled or never disbursed | 4 | 91,827 |
| Disbursed loans | 44 | 633,669 |
| Paid in full | 29 | 471,304 |
| Charged off | 3 | 37,796 |
| Still outstanding (status exempt from disclosure) | 12 | 124,569 |
| Charged off, share of disbursed loans | 6.8% | 6.0% |
| Dollars charged off, share of disbursed dollars | 3.7% | 2.2% |
| Dollars charged off | $614K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Bank of HoustonHouston, MO | 9 | $5.0M | 26.5% | |
| 2 | The Huntington National BankColumbus, OH | 8 | $2.9M | 23.5% | |
| 3 | First Utah BankSalt Lake City, UT | 3 | $1.3M | 8.8% | |
| 4 | Meridian BankMalvern, PA | 2 | — | 5.9% | |
| 5 | First Commonwealth BankIndiana, PA | 2 | — | 5.9% | |
| 6 | Axiom Bank, National AssociationMaitland, FL | 2 | — | 5.9% | |
| 7 | Byline BankChicago, IL | 1 | — | 2.9% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 2.9% | |
| 9 | Valley National BankPassaic, NJ | 1 | — | 2.9% | |
| 10 | Midwest BankCentreSaint Louis, MO | 1 | — | 2.9% | |
| 11 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 2.9% | |
| 12 | Bank of Ann ArborAnn Arbor, MI | 1 | — | 2.9% | |
| 13 | UMB Bank, National AssociationKansas City, MO | 1 | — | 2.9% | |
| 14 | Five Star BankRancho Cordova, CA | 1 | — | 2.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Florida | 8 | 23.5% | |
| 2 | Michigan | 5 | 14.7% | |
| 3 | Utah | 4 | 11.8% | |
| 4 | North Carolina | 4 | 11.8% | |
| 5 | South Carolina | 3 | 8.8% | |
| 6 | California | 2 | 5.9% | |
| 7 | Tennessee | 2 | 5.9% | |
| 8 | Pennsylvania | 2 | 5.9% | |
| 9 | Georgia | 1 | 2.9% | |
| 10 | Texas | 1 | 2.9% | |
| 11 | Missouri | 1 | 2.9% | |
| 12 | Kansas | 1 | 2.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 29 | 85.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 4 | 11.8% | |
| 3 | Other Personal ServicesNAICS 8129 | 1 | 2.9% |
Approval sizes
- $50,000 or less11.8%4
- $50,001 to $150,0002.9%1
- $150,001 to $350,00011.8%4
- $350,001 to $1 million73.5%25
Age of the businesses
- Existing, more than 2 years old2.9%1
- New business, 2 years or less20.6%7
- Startup, loan funds will open the business73.5%25
- Change of ownership2.9%1
Questions and answers
How many SBA loans go to Massage Luxe franchises?
78 approvals since FY2011, worth $36.5M; 34 in FY2021 to FY2025.
Which lenders make SBA loans for Massage Luxe franchises?
By approvals in FY2021 to FY2025: The Bank of Houston (9), The Huntington National Bank (8), First Utah Bank (3), Meridian Bank (2), First Commonwealth Bank (2).
How large is a typical SBA loan for a Massage Luxe franchise?
The average approval in FY2021 to FY2025 was $540K.
What share of Massage Luxe SBA loans are charged off?
Of 44 disbursed loans approved in FY2010 to FY2021, 3 (6.8%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Massage Luxe franchises rising?
Approvals in the three latest complete fiscal years total 22, against 15 in the three before: rising (+47%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error