Coworking spaces are some of the most popular, flexible rent options for professionals. One such business is called CoCoTív, based out of Charlotte, NC. The unique name of this business is derived from three principles – Coworking, Collaboration, and Cotívation. The latter word is the name of the ad hoc accountability group made up of members of the CoCoTív community. Cotívation provides the opportunity to get to know other professionals, share advice, struggles, and goals – ultimately adding up to a deeper connection among professionals in a variety of fields. This is an added benefit for those that want to join CoCoTív.
Located in the trendy neighborhood of Montford Park, CoCoTív features brand new private offices, dedicated workstations, and coworking space. It’s more than just an office space – CoCoTív provides everything business owners need to grow their business from the day they move in, including furniture, fiber internet and Wi-Fi, and 24/7 access to their office space. The company offers top-of-the-line amenities like a coffee bar, a fitness center, local beer on tap, free parking, and a mail service. Plus, members get to enjoy access to all the community events, happy hours, and networking lunches that make CoCoTív a vibrant ecosystem of entrepreneurs, energizers, and influencers.
Owner John Vieregg had this business vision in mind and wanted to bring it to life. He looked into options with First National Bank and was eventually led to check into an SBA loan for construction of his business. He was introduced to one of our Business Development Officers for FNB Small Business Finance. With their extensive knowledge of SBA lending, he was able to get the deal done and get this Start-Up business off the ground running!
John had this to say about working with our BDO:
“He has a lot of experience working with SBA loans. It’s a great product, even though the process can be tedious at times. He was there for us every step of the way. I was charting new territory with this SBA loan, and he and the team at FNB Small Business Finance made it all worthwhile. I am happy to recommend FNB to anyone looking to start a business or looking for help with SBA financing.”