Lynsee Pannell, LLC | Application Preview
Lynsee Pannell, LLC is seeking government grants to support relocating their salon to a larger building. The new space requires complete outfitting with plumbing and electrical work to function as a hair salon. Although starting over, Lynsee has a solid client base built over 14 years of dedicated work.
The business plan includes expanding the staff by hiring additional stylists on a commission basis, allowing them to earn while contributing to the salon's growth. Lynsee's established presence in the community and her commitment to client relationships demonstrate her potential for success.
Despite challenges posed by the shutdown that began on March 21, Lynsee is determined to secure funding for this move. The local competition includes Shear Envy, Intricid Salon, and Bouffant's, but Lynsee believes her strong client connections and consistently high-quality services distinguish her from others. She offers a supportive environment for her clients, fostering loyalty and satisfaction that drives her business.
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General Information
Business Registration Number: 813732900
Location: Saltillo, MS, United States
Length of Operation: 3.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Moving my salon into a new building that has to have all new equipment and set up for a working hair salon. Plumbing and electrical have to be ran to accommodate necessary means for business. I am basically having to start over from scratch but I have a book of business (clientele).
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Business Plan
By moving to this new location, it is bigger to allow for growth. I will be hiring more stylists who will work for me on a commission basis, therefore giving them a space to work and earn money, while I make a small profit. I am well established in the area with a book of business that any hair stylist would love to have. I have worked hard the past 14 years to get here. With the shutdown, I have not worked since March 21. I need funds to help move into this new space. I am willing to do whatever it takes.
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Self Identified Competition
I am not sure but possibly Shear Envy, Intricid Salon and Bouffant's, all in Tupelo, Mississippi. The relationships I have with my clients and the work I do sets me apart from my competitors. My clients stick around and have lasting relationships with me. I provide a safe space for clients who need to talk but I also provide consistent and creative services that they respect and have come to require for their personal happiness.
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Contact Applicant
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