Alliance backs $2M loan for Gilbert business
Alliance Bank of Arizona, a division of Phoenix-based Western Alliance Bank, approved a $2 million loan for an innovative new EVO Swim School facility, as a part of the bank’s SBA Loan Program to construct the company’s second location in Gilbert.
EVO Swim School officially opened its doors in the San Tan area of Gilbert two weeks ago. Students have the ability to learn how to swim at the indoor pool, while simultaneously allowing competitive swimmers the opportunity to practice their technique in the outdoor eight-lane, 25-yard pool, which makes this the first swim school to offer this in Arizona. The privately funded location is unique to Arizona because it has no ties to school, municipality or government funding. EVO’s original facility is located in North Gilbert.
“Our partnership with Alliance Bank was vital to the success of the construction for the newest EVO Swim School,” said David Tait, owner of EVO Swim School. “We built a strong relationship that went above-and-beyond any banker experience we have ever encountered. Alliance Bank was there every step of the way and took the time to get to know us as a business and understand our business model that allowed them to service our needs effectively.”
“Alliance Bank of Arizona is committed to supporting small businesses in our communities. Our mission is to provide the financing that local business owners need to continue to grow their companies, which results in increased services and growing job opportunities within the community,” said Chris Call, vice president of commercial lending. “The relationship that we have developed with David Tait and EVO Swim School is exactly the type of partnership that we strive to build with every client.”
With 11 offices in Greater Phoenix, Tucson, Sedona and Flagstaff, along with Western Alliance’s robust national platform of specialized financial services, Alliance Bank of Arizona is a valued partner for Arizona’s business, real estate, professional, municipal and nonprofit communities. Western Alliance Bank is the primary affiliate of Phoenix-based Western Alliance Bancorporation. With $10 billion in assets, Western Alliance Bancorporation (NYSE: WAL) is one of the fastest-growing bank holding companies in the U.S.