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The Spa Association SPAA publishes new disc on opening a spa.

(PRWEB) October 14, 2002

October 7, 2002, Fort Collins, CO Â?The Spa Association (SPAA) has just released a disc on Opening a Spa. The disc covers everything that an individual wanting to open a spa would need to know to get started:

Types of loans and obtaining a loan

Choosing a location

Writing a business plan

Assessing the market

Choosing a theme

Selecting a business model

Getting a timeline in place for the startup

The disc is Mac and IBM compatible and very simple to run. The cost of the disc is $ 95 to non-members and $ 49 to members. To order the disc, please call 970-226-6145.

Disc Excerpt:

Thinking of opening a spa but uncertain where to start? The Spa Association (SPAA) has recently released a CD entitled, Â?Opening a Spa, A Guide to Getting Started.Â? The disc contains a variety of information including methods for obtaining funding and specific loan types.

The Small Business Association (SBA) 7(a) Loan Guaranty Program, for instance, offers guarantees up to $ 750,000 or 75% of the total loan amount, whichever is less, with interest rates of 2.25-2.75% over prime. The loan amount can be used for real estate, equipment or general business purposes. The Low Doc SBA loan is a 7(a) specialty loan that offers quick processing for amounts under $ 100K. Approval based on personal credit rating and business cash flow with an easy to fill out two page application. The SBA thinks of this as a character loan with letters of reference oftentimes being all that is needed to secure the funding. To find out more about SBA funding, go to or call 1-800-U-ASK-SBA.

For private funding there are also a number of options:

Â?Installment Loans: paid back with equal monthly payments covering principal and interest.

Â?Balloon Loans: Interest is paid back over the life of the loan. The principal payment is due on the final day of the loan.

Â?Line of Credit Loans: An immediate loan offered by a businessÂ?s bank for short term emergencies and business cycle needs. Every business should have access to this type of arrangement with their bank.

The Spa Association is your one stop professional association for information, resources, education, and community in the spa industry. No other organization unites medical spas, day spas, stay spas, fitness and wellness centers. Moreover, SPAA offers member benefits such as free educational materials, group insurance rates, an online virtual marketplace, national directory, business tools and marketing assistance.

The Spa Association assists with consumer and professional standards, while helping vendors, spa owners and technicians run a more profitable business and enjoy robust career options. SPAA is taking the professional beauty industry to the next level with innovative strategies to make our members more successful. Find out more about The Spa Association by going to our website at or by calling 970-226-6145.

For More Information Contact:

Melinda Minton, Executive Director

The Spa Association

PO Box 273283

Fort Collins, CO 80527

Phone: 970-226-6145

Fax: 970-226-6627



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