295964105 | Application Preview
The grant application from the small-town salon focuses on funding to support payroll, upgrade equipment, purchase tanning bulbs, and introduce new client products. The business aims to maximize booth rentals with improved equipment to enhance service.
The salon positions itself as a valuable asset to the growing Baltimore community, emphasizing its role in supporting local growth. Despite facing competition from established salons like Ireland's Spa and Salon, West Oak Salons, and Salon Lofts, the salon remains competitive by leveraging its smaller size to offer personalized services and dedicated employee training. The owner’s experience working for a competitor adds to their capability to foster success among new hires. Overall, the application highlights a commitment to growth and community support while seeking necessary funding to sustain and expand operations.
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General Information
Business Registration Number: Studio D salons
Location: Somerset, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Help with payroll, replacing some new equipment, tanning bulbs, new products for clients.
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Business Plan
I hope to have all of our booths rented and having new and better equipment. We are a small town salon, it's been a great business for our town if Baltimore, and as the town grows our business grows.
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Self Identified Competition
Ireland's spa and salon, west oak salons, salon lofts. All three are successful, larger, established salons. But even then we are still competing and doing our best to stay with them. I had worked for one of the competitors, and I can give new employees what they need to be successful, being smaller we can offer more, as to where they are topped out. I have the room to grow and know I have the ability to do so.
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Contact Applicant
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