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Radiance Medspa Franchise Press Release


Radiance Medspa obtains SBA Registry approval and forms alliance with First National Bank of Arizona

(Scottsdale, AZ - February 14, 2005) Today, the Small Business Administration (SBA) approved an application by Radiance Medspa Franchise Group PLLC to list Radiance Medspa on the SBA Franchise Registry. Listing on the National SBA Registry indicates SBA's 'stamp of approval' of the Radiance Medspa franchise, and approval facilitates loan processing for existing and prospective Radiance Medspa franchisees in obtaining SBA financing. SBA's stamp of approval helps to ease the approval process for local and regional lenders participating in SBA financing programs. The review by SBA determined that there are no unacceptable franchisor control provisions imposed upon franchisees by the Radiance Medspa franchise agreement. ''We truly believe that our franchisee's success is our success and are focused on, and dedicated to that belief. To that end, SBA Registry and strong banking alliances are key factors contributing to our franchisees obtaining financing in an efficient and expeditious manner.'' said Chuck Engelmann, President and CEO of Radiance Medspa Franchise Group.

The SBA approval came on the heels of an alliance between Radiance Medspa Franchise Group PLLC and First National Bank of Arizona designated to facilitate the initial and continuing business financing needs of Radiance Medspa franchisees. First National Bank of Arizona is a privately held Arizona bank that prides itself on cutting the red tape normally associated with commercial lending. Tim Burton, Senior VP SBA Lending Department said: ''Obtaining SBA Registry approval and building strong banking alliances, like the one with our bank, contribute to Radiance Medspa Franchise Group's ability to provide assistance with construction, start-up and growth financing and helps to build a solid financial future for franchisee growth and success.''

The Radiance Medspa Franchise Group PLLC offers a turnkey franchise and business opportunity to both physicians and lay entrepreneurs looking for a business that offers significant growth and revenue potential in the medical and spa industry. The group is made up of some of today's leaders in business, franchise development, medicine and marketing, which have taken the guesswork out of running a successful Medspa franchise. Click here for more information or to contact Radiance Medspa.

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