CRDC Finances Second Location for Individual Fitness


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CRDC is pleased to announce it recently assisted in financing the opening of a second location for Individual Fitness, a private one-on-one personal training studio that specializes in
CRDC is pleased to announce it recently assisted in financing the opening of a second location for Individual Fitness, a private one-on-one personal training studio that specializes in personalized fitness and nutritional coaching.
 
Jim and John Olson, brothers and business partners together manage their successful Concord, New Hampshire location but always had the desire to tap into the Greater Manchester market.
 
"We've been in Concord for 17 years, but we knew we wanted to expand our services," said Jim Olson, CEO and Founder of Individual Fitness. "We wanted to offer our existing customers another location while bringing our coaching and fitness expertise to a brand new market. We always had the goal of being in two communities, but finding the right location is not always that easy. We took our time and finally found a building in Manchester that has everything we need, especially parking."
 
CRDC teamed up with Provident Bank to secure a financing package to renovate the 5,000 s/f space located at 268 N. Mammoth Road in Manchester.
 
"Space wise we are maxed out in our Concord location, by adding this second location we really can expand our services and customer base," added Olson. "People get busy with life, and we're here to give them that dedicated, focused hour of private individualized training they need. We are here to help people get educated on how to train, how to eat and how to get the most out of their time at the studio. Our business model works. We have some people who have been with us for years, while others get the fitness education they need to be successful in a gym by themselves."
 
"CRDC is a mission based, gap financing organization that focuses on job growth and economic development for small to medium sized businesses," said Stephen Heavener, CRDC Executive Director. "We assist commercial lenders, and business owners with that 'gap' in financing that is needed to make a deal work. In this particular case, there are five new jobs created because of this business expansion."
 
"CRDC and Provident Bank really made the borrowing experience easy," said Jim Olson. "From the get go it was a smooth partnership between CRDC and Provident which really allowed us to focus our attention on our customers and the renovation process." 
 
Individual Fitness will celebrate its grand opening at a Ribbon Cutting Ceremony on October 24th from 4pm-8pm.  
 
 
Jim Olson, CEO & Founder of Individual Fitness with Stephen Heavener, CRDC's Executive Director and John Olson, Owner and Personal Trainer, Individual Fitness


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