After working for her family’s spin studio in Winnetka throughout high school, Liza Solberg, a recent college graduate, opened her own location in Chicago’s Wicker Park neighborhood. Centrust Bank supported Liza’s entrepreneurial goal by providing a loan for leasehold improvements and equipment purchase.
Liza opened the second Spynergy Cycling Studio in August 2018. This location did not have the necessary layout or equipment to make the spinning experience optimal. After the business loan was secured from Centrust Bank, the building was completely redesigned to suit the needs of the studio. The financing provided Spynergy with biking equipment and a large classroom to create the perfect space for a thorough workout.
With a wide variety of business loans suited to business owner’s specific needs, Centrust Bank provides entrepreneurs with financing which is essential to growth and expansion. Their experienced Commercial Lending Team understands the ins and outs of structuring business loans. Commercial Lender, Michael Earle states that he “admires Liza’s entrepreneurial ambition to turn her dream into a reality.”
Centrust Bank Supports Women-Owned Business Enterprises
According to the U.S. Small Business Administration, there are 1.2 million small businesses in Illinois, and approximately 460 thousand are women owned business. With so many small businesses, Centrust Bank prides itself on working personally with small business owners to help meet their unique lending needs both quickly and efficiently. Centrust values its customers and their time, so ensuring business gets done efficiently is top priority.
“The process of looking for financial help as a new business owner can be really stressful,” said Spynergy Owner, Liza Solberg. “Centrust was welcoming and the service is personalized. I feel like the team is truly invested in my business’ success. Michael went above and beyond and made the trip downtown to check out the studio for himself! I feel lucky to work with Centrust!”
Centrust offers working capital for business acquisition and expansion, which has led Centrust Bank to be one of the area’s leading banks. Centrust Bank has created a strong, growing and successful community bank with exactly the credit and deposit services required by the business owners of the Northshore communities they are ideally located to serve.
Located in the heart of Wicker Park, Spynergy provides an exceptional spinning experience fueled by inspiring music. The studio’s friendly instructors offer challenging workouts that can be adapted to match any level of fitness.
The Spynergy Difference: Real People, Real Bodies, Real Relationships. For more information or to book a consultation with an instructor, visit www.spynergychicago.com.
About Centrust Bank
Originally founded in 2006, Centrust Bank has grown to become a leading Chicago area community bank. Centrust Bank pays special attention to helping small to mid-sized businesses grow safely and profitably. Centrust is also one of the largest SBA lenders in Illinois.
Centrust Bank provides individuals and small businesses with financial solutions such as SBA and conventional lending. To learn more or to contact Centrust Bank: www.centrustbank.com
Centrust Bank is an Equal Housing Lender. Member FDIC.