Dog Daycare Uses SBA 7 Loan from Centrust Bank to Carry On Success and Expansion

Dog Daycare Uses SBA 7 Loan from Centrust Bank to Carry On Success and Expansion

When attorney Ross Neihaus was looking for a change in careers, he found himself with the opportunity to acquire For the Love of Dogs (now Waggles) luxury dog daycare, boarding and spa services provider in May of 2019. For the Love of Dogs was established in 1998, and has had loyal customers and success during the years leading up to Neihaus’ ownership, and due to its continuous success, Neihaus felt it was the right time to expand.

Neihaus came to Centrust Bank for an SBA 7 loan when he initially purchased For the Love of Dogs, and is in the process of procuring a new loan to open a new location for a pet resort.

When asked how Centrust Bank is working diligently to meet their customer’s needs and support their businesses, Senior Vice President Tom Meyer states, “We are still offering assistance with SBA 7 loans, business acquisitions, real estate acquisitions, debt refinancing and more.” It is these very services that allowed Neihaus to continue the success of For the Love of Dogs and expand with little to no marketing efforts or investments in obtaining new customers.

Centrust Bank recognizes those facing the detrimental impacts of the COVID-19 pandemic and wants to make sure its customers feel supported. Due to the CARES Act, SBA loans are having six months’ worth of loan payments covered by the government and helping customers with PPP loans.

“It is important to continue having discussions about business needs with clients to ensure success,” says Meyer.

About Centrust Bank

Founded in 2006, Centrust Bank has grown to become a leading Chicago area community bank that focuses on helping small to mid-sized businesses grow safely and profitably. Centrust has established itself as a leader in, and excels at, offering SBA programs for small businesses.

To learn more, or to contact Centrust Bank, please visit their website: centrustbank.com

Centrust Bank is an Equal Housing Lender. Member FDIC.

About For the Love of Dogs (now Waggles)

Founded in 1998, For the Love of Dogs—recently renamed “Waggles”—provides loving care for pets each and every day.  Waggles offers fun, safe doggy daycare, cozy overnight accommodations, deluxe bathing services, and a contactless chauffeur service to make life, work, and travel easier for its busy clients.  With it upcoming expansion, Waggles will be able to serve even more pets with its large indoor/outdoor play areas, luxury overnight suites, daily 5-point wellness checks, special events, and all the love and attention your pup deserves.